Deepankar Sanwalka, a Big Four veteran of 27 years, has previously worked with PwC where he was the India advisory leader and leader of risk advisory services, and at KPMG he led the risk consulting vertical.
According to the latest Deal Tracker report, on a year-on-year basis, the deal values dropped 32 percent, while there was also a fall of 31 percent in terms of number of transactions.
Overall deal activity in the January-March quarter witnessed an unprecedented three-fold year-on-year rise in value terms, driven solely by the Vodafone-Idea mega merger, which accounted for 80 per cent of the total values.
The deal consolidates Aurobindo's footprint in Portugal, making it the number one in the Portuguese generic pharma market
The first six months in 2016 have seen 1,100 merger & acquisition (M&A) and private equity deals totaling USD 38 billion, about 10 percent growth year-on-year in value terms, says Prashant Mehra, Partner at Grant Thornton India sharing latest happenings on the deal street with CNBC-TV18.
During his visit to Jaipur and Ajmer yesterday, Food Processing Secretary Avinash K Srivastava met Rajasthan Chief Secretary and briefed him about the Greentech Mega Food Park being set up at Rupangarh in Ajmer district.
As per a survey by Grant Thornton India in association with Prime Database, 82 percent of companies in India are yet to start planning or only have an informal plan agreed with the board of directors to meet the requirement of mandatory firm rotation (MFR).
As per a survey by Grant Thornton India in association with Prime Database, 82 percent of companies in India are yet to start planning or only have an informal plan agreed with the Board of Directors to meet the requirement of MFR, and only 18 percent have either appointed auditors or have a comprehensive plan in place.
Domestic M&A seems to be very weak. Prashant Mehra of Grant Thornton India thinks it is because of two factors – lack of liquidity in the market, whatever money is available is probably going towards organic growth and no money is being spent on inorganic growth
According to the Grant Thornton International Business Report (IBR), a quarterly global survey of 2,580 business leaders, India ranked second after Ireland in terms of the business optimism.
E-commerce companies have stolen the limelight from traditional IT companies when it comes to attracting investor interest.
According to Raja Lahiri, overall deal momentum in July is showing signs of slowdown in terms of volumes but there are some large deals that got struck this month.
A huge percentage of the Indian population lives below the poverty line where getting one square meal a day is a challenge. The food security bill aims to satisfy this basic want and in that sense although it encourages welfare economics, the intention is noble. This is what would need to be weighed against other economic considerations.
In an interview to CNBC-TV18, Raja Lahiri, partner, Grant Thornton India says that despite the slow start to the Deal Street in January, he is hopeful of M&A being clocked in the days to come.
India saw a total of 90 mergers and acquisitions in the month of October. Raja Lahiri, Partner, Transaction Advisory Svc, Grant Thornton India, Bangalore believes October was a good month for deal activity. “We saw deal value of around USD 3 billion, divided into M&A of USD 2.4 billion and private equity of USD 0.6 billion,†he says.
The third quarter of the year has turned out to be a weak quarter as far as the number and size of M&A deals are concerned.
With the economy showing further weakness, the number and the size of mergers and acquisitions (M&A) deals too is slowing down. Raja Lahiri, Partner - Transaction Advisory Services at Grant Thornton India tells CNBC-TV18 about the findings of the deal tracker report.
We has seen an uptick in M&A deal volumes in the first half, but valuations are less compared to corresponding periods of 2011 and 2010.
Due to the current economic downturn, Grant Thornton India sees 2012 as the year of mergers and acquisitions for Indian corporates.
By: Srividya CG, Grant Thornton India
Although 2011 has been a year of adverse headwinds, CG Srividya, partner, Grant Thornton India tells CNBC-TV18 that merger and acquisition (M&A) activity for the year has not shown any slowdown.
The M&A deal activity for the month of October has remained stable. However, very few large deals have been announced in the same period. In an interview to CNBC-TV18, CG Srividya, partner at Grant Thornton India says there have been 57 deals, however, the total value of deals have been less than a billion.
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.