In its report 'Real Estate/REITs Dealtracker-Providing M&A and PE deal insights, consulting firm Grant Thornton Bharat mentioned that Indian real estate market witnessed 19 deals valued at USD 1.56 billion during the second quarter of this calendar year.
At present, 34 percent women in Indian mid-market businesses hold Senior Management positions, signifying a modest decline from 2023 (36 percent) and 2022 (38 percent).
When compared by number of deals, the overall volumes went up to 122 deals in October from 107 in the preceding September, as per the report by Grant Thornton Bharat.
The appointment marks the first major effort by Adani Group to defend itself in the wake of a January 24 report by Hindenburg that accused it of improper use of offshore tax havens and stock manipulation
There are a lot of incoming deals and deal closures in the month of November, claimed Mehra. However, October has the slowest month in terms of deal volumes in CY22.
By volumes, the deals were down by 25 per cent to 450 transactions during the quarter, as against 600 in the year-ago period and 317 in 2020, the report by Grant Thornton Bharat, a consultancy firm, said.
Auto parts makers are looking at everything from motors and controllers to battery management systems, chargers and charging systems, and remote diagnostics.
The administrator of the company received an initial report from the transaction Auditor, indicating that there are certain transactions which are undervalued, fraudulent and preferential in nature, DHFL said in a regulatory filing.
Among Indian business leaders, 65 percent are expecting a growth in exports in 2021, a Grant Thornton report has stated.
Viswanatha Prasad has been solving issues with access of finance for SMEs in India
FoVB acknowledges and applauds the outstanding work done by socially aware organisations, which are at the forefront of change, making a tangible impact
SEBI has passed an order on October 21, 2020, against the company asking it to deposit Rs 1,292.46 crore in an escrow account in a nationalized bank within seven working days
According to the auditor's report, the Rs 2,150.84 crore-fraud was in relation to the undervalued and fraudulent nature of certain agreements entered into by the DHFL when the company sold its stake in Pramerica Life Insurance Ltd to DHFL Investments Ltd (DIL), as per a regulatory filing.
The entire amount mentioned above along with interest for the remaining period is claimed through the application filed with the NCLT, it added.
Total M&A deals in volume terms were 49 last month against 28 transactions in the same month of last year, the report said.
According to Grant Thornton's quarterly PE Dealtracker, the July-September quarter saw 211 PE deals worth $9,613 million, while in the corresponding period last year there were 216 such transactions worth $5,202 million.
In terms of volume, PE deals stood at 69 in August this year against 67 in the year-ago month, a decline of 3 per cent, the report said.
According to Grant Thornton's monthly M&A Dealtracker, as many as 39 deals worth $4.3 billion were reported in July against 49 transactions worth $9.1 billion in the year-ago period.
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.
The audit has also flagged attempts by the erstwhile top management of IL&FS to influence the ratings including by extending favours and gifts, and also by pressure tactics like threats to move to another agency.
Read the forensic audit report that details the extent of the manipulation by IL&FS and credit rating agencies to hide troubles at the infrastructure financier.
The audit evaluated the role of the various credit rating agencies on various debt instruments and facilitating excessive borrowings from money markets across group companies that eventually led to defaults.
Moneycontrol has seen the final Grant Thornton report, which exposes evergreening of loans, loans given without proper collateral and other malpractices.
Leading consultancy Grant Thornton's report showed that number of M&A transactions last month rose marginally to 44 last month whereas the same was at 40 in February 2018.
According to the ED, the audit report only sheds light on some transactions but an in-depth forensic report is missing.