Overall India M&A value declines 12% to $56 billion in 2017

The telecommunications sector, however, saw 31 deals worth a combined $18.48 bn, compared with $2.80 bn in 23 deals during the previous year

Mergers and acquisitions (M&As) during the year till December 7, declined by 12 per cent to $55.93 billion from $63.48 billion in 2016. The number of deals also fell to 1,375 from 1,381 a year ago.
 
The falling transaction value was led by a decline in the value of deals in the energy and materials segments. The telecommunications, technology and retail sectors saw a rise in M&A activity.
 
The biggest deals during the year were Vodafone group's pending acquisition of Idea Cellular’s mobile business for $11.62 billion, followed by IndusInd Bank's plans to acquire Bharat Financial Inclusion for