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India Inc's deal activity fell 57% to $32 bn in January-June this year: Grant Thornton

Distressed assets deals cornered the maximum share in the M&A space, the report said adding that the Insolvency and Bankruptcy Code (IBC) along with supportive regulations will make this space a pacesetter in the coming years.

July 25, 2019 / 06:17 PM IST
Representative image

Representative image

India Inc's deal activity in the first six months of this year encompassing both M&A and private equity transactions, stood at $32.1 billion, down 57 per cent over last year, a report said.

According to Grant Thornton's Half-Yearly Dealtracker 2019, the year so far recorded restrained deal activity, amid US-China trade war, spike in international crude oil prices and uncertainties around the US sanctions on Iranian oil imports.

The deal value in the first half of this year dropped to $32.1 billion from $74.4 billion in the year ago period.

In terms of number of deals, the first half (January-June) of 2019, witnessed 610 deals which was the lowest compared to the corresponding period of 2017 and 2018.