M&A sees highest quarterly deal value of $34.8 bn, 19% jump in Q2 CY18

The biggest deal during the second quarter of 2018 - Walmart's $16-billion acquisition of Flipkart - accounted for 46 per cent of the total disclosed deal value, according to EY India

Merger and Acquisition (M&A) activity in India saw a 19 per cent growth in terms of deals during the second quarter of 2018. The number of deals during the second quarter of 2018 calendar year stood at 273. In value terms, the deals stood at $34.8 billion, the highest quarterly deal value and 6.8 times higher than the $5.1 billion during the same quarter a year earlier. The jump in overall value was fuelled mainly by six big-ticket deals of more than $1 billion each. The biggest deal during the second quarter of 2018 -  Walmart's $16-billion acquisition of Flipkart