India Incs Jan-Sep M&A tally at $28 bn: Grant Thornton

Corporate India's shopping spree continued unabated in the third quarter of this year, with merger and acquisition (M&A) deals worth USD 12.17 billion were announced, taking the year-to-date tally to USD 28 billion, says a report.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Business

Oct 18, 2016, 06.32 PM | Source: PTI

India Inc's Jan-Sep M&A tally at $28 bn: Grant Thornton

Corporate India's shopping spree continued unabated in the third quarter of this year, with merger and acquisition (M&A) deals worth USD 12.17 billion were announced, taking the year-to-date tally to USD 28 billion, says a report.

Like this story, share it with millions of investors on M3

India Incs Jan-Sep M&A tally at $28 bn: Grant Thornton

Corporate India's shopping spree continued unabated in the third quarter of this year, with merger and acquisition (M&A) deals worth USD 12.17 billion were announced, taking the year-to-date tally to USD 28 billion, says a report.

Post Your Comments

Share Cancel

India Incs Jan-Sep M&A tally at $28 bn: Grant Thornton
Corporate India's shopping spree continued unabated in the third quarter of this year, with merger and acquisition (M&A) deals worth USD 12.17 billion were announced, taking the year-to-date tally to USD 28 billion, says a report.

In the July-September quarter, there were 140 M&A deals worth USD 12.17 billion as against 146 M&A transactions worth USD 6.87 billion in the year-ago period.

According to global audit, tax and assurance firm Grant Thornton, the significant rise in M&A deal activity in the September quarter was majorly driven by three billion dollar deals contributing to over 50 percent of the values.

The quarter also witnessed two mega mergers in telecom and banking sectors.

Overall M&A values saw a 33 per cent rise in the first nine months of this year largely owing to increase in domestic deals along with big ticket mergers and restructurings.

During January-September period, there were 244 domestic deals worth USD 11.84 billion, and 13 mergers and internal restructuring worth USD 4.94 billion.

However, cross-border M&A activity declined by 13 per cent owing to fewer big-ticket transactions. There were 17 deals over USD 100 million so far this year as compared to 26 such deals in January-September 2015.

The deal outlook remains bullish for the months ahead.

"There is further rise expected in domestic M&A, driven by the need for consolidation. It is primarily seen in the infrastructure and manufacturing sectors," Prashant Mehra - Partner at Grant Thornton India LLP said.

Moreover, improvement in doing business rankings partly due to reforms and partly methodology will further boost foreign investment in the wake of weak global markets, Mehra added.

In terms of sectors, manufacturing, BFSI, energy, pharma and telecom were key contributors with collective contribution of over USD 20 billion, the report said.

Buy, Hold, Sell ? Hear it first on M3
India Incs Jan-Sep M&A tally at $28 bn: Grant Thornton

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login