Page 9 - Mergers And Acquisitions

India Inc announced M&A deals worth $54.7 bn in 2017, says report

Corporate India's merger and acquisition deal value stood at USD 54.7 billion in 2017, and telecommunications, technology and financial service were the top three sectors in terms of deal value, says a report. According to global deal-tracking firm Mergermarket, as many as 379 M&A deals were announced worth USD 54.7 billion in 2017, a slight decrease compared to the record high value registered in 2016, which saw 421 deals valued at USD 59.7 billion. Sectorwise, telecommunications contributed 37.2 per cent to India's total deal value in 2017. The USD 12.7 billion Idea Cellular-Vodafone India deal was the largest transaction in 2017, while Reliance Jio Infocomm's USD 3.7 billion acquisition in wireless spectrum, towers, fibre and media convergence node assets of Reliance Communication (RCom) was the second largest deal in 2017. The total annual deal value in the financial services sector increased by 34.3 per cent to USD 6.9 billion in 2017 from USD 5.1 billion in the

India's M&A activity slows down due to 'flagging economy', says report

Corporate India's M&A deal tally took a 63.4 per cent hit in the July-September quarter of this year, largely because of a "flagging economy" that has led to the decline, says a Mergermarket report. According to the global deal tracking firm, the third quarter of 2017 experienced a slowdown in Indian mergers and acquisitions, with the deal value declining by 63.4 per cent to USD 6.8 billion, compared to USD 18.5 billion in the same period last year. Moreover, the number of deals announced specific to India was the lowest since 2009, the report said. "The flagging economy of India with the GDP (growth) slowing to a three-year low of 5.7 per cent appears to have contributed to the decrease in the market," the Mergermarket report said. Telecom was still the most active sector in the year by deal value, thanks to two large deals both valued over USD 1 billion in the first half of 2017. During the third quarter of 2017, technology's deal value rose four times to reach USD

Fashion mergers and acquisitions, like a crop top, is hard to pull off

Abercrombie & Fitch ended talks about potential sale after failing to agree on terms with suitors

When CEOs don't win awards, they make more acquisitions

Vantage point: Insights from cutting-edge research

Domestic M&A deals to sniff at $49-billion mount by 2019: Report

M&As stood at $17.5 billion in 2016 and is likely to touch $28.5 billion in 2017

JM tops 2016 M&A league table

The $12.9-billion sale of Essar Oil stake to Rosneft has propelled JM Financial and VTB Bank of Russia to the top

Europe's boutique firms stealing M&A market share

The data excludes some of the massive deals of 2015 that have not yet been completed, including Anheuser-Busch InBev's $100 bn-plus merger with SABMiller

Deal structuring eased, teething troubles remain

RBI now allows parties to enter into escrow arrangements for up to 18 months

Bank mergers likely to happen after SBI consolidation, says finance ministry official

Banks can only make acquisitions when they have financial might which is subdued at the moment

We expect double digit growth in the merged entity, says Deepak Parekh

Analjit Singh, Max Group promoter and HDFC Chairman Deepak Parekh spoke about the merger of HDFC Ltd with Max Life and Max Financial Services