According to a Grant Thornton report there has been a significant reduction in M&A value as compared to the same period in 2010. Cross border transactions have shown growth. CG Srividya, Partner at Grant Thornton India tells CNBC-TV18, there is a considerable decline in domestic M&A activity but there are a few surprises sector-wise as well.
Below is a verbatim transcript. Watch the accompanying video for more. Q: There is a significant reduction in M&A compared to the same period of 2010. We are going through times of economic turmoil globally itself. What brought this on and what are the stats that you have picked up?A: The good news is that in terms of the number of deals, the deal activity has been good. There has been a 20% increase in the number of deals compared to the third quarter of 2010, but there is a significant drop in the deal value. There has been more than a 50% reduction. That
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