There were 89 private equity transactions worth USD 644 million in March this year, following which the PE investment deal tally for the January-March quarter stood at USD 2.96 billion, says a Grant Thornton report.
Grant Thornton's Raja Lahiri elaborates on their report on Indian mergers and acquisitions market. Inbound activity took a beating on the back of the economic slowdown, he says.
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.
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.