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.
The Grant Thornton deal tracker report shows that mergers and acquisitions (M&A) activity has declined in the last two months compared to the previous six-seven months. Partner at Grant Thornton, CG Srividya says that changing macro-economic trends are the reason for this.
According to the Grant Thornton report, May 2011 has seen USD 5.38 billion of M&A deals and PE investment volumes have witnessed a significant upsurge. In an interview with CNBC-TV18, Grant Thornton's partner CG Srividya reports more on what the numbers indicate.
The Grant Thronton Deal Tracker discovered that February 2011 has seen the highest value of deals by India Inc over the last seven months. CG Srividya of Grant Thronton says, “We have seen about USD 7.7 billion worth of M&A deals, the largest being the investment by British Petroleum into Reliance Industries.”
The new year is seeing strong momentum in deal activity. Grant Thornton's deal tracker report shows that M&A and PE deals worth USD 2.5 billion were struck in January 2011.