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.
Nature's Basket is a wholly-0wned subsidiary of Godrej Industries.
The Finance Ministry may hold a round of discussion with some public sector banks regarding the second round of mergers in the banking space
The deal volume witnessed seven percent decline as compared to first quarter of 2018 when it stood at 118, the report added.
Tata Steel’s joint venture with Thyssenkrupp is a much anticipated event but it needs to clear the EU’s anti-trust hurdle. An update is due this week.
The deal activity will be tepid for the first two quarters of the fiscal and should pick up later, Grant Thornton, a consultancy firm, said, adding a lot will depend on the continuing reforms, new policies and pace of reforms post general elections.
The deal will reduce promoters' stake in Bandhan Bank, bringing it closer to regulatory compliance.
Most global brokerage firms have maintained their rating for Bandhan Bank, but expressed doubts about the synergies that the deal would offer
However, political developments ahead of the 2019 general elections, any worsening of fiscal conditions due to rising oil prices and growing clamour for populist measures may put a temporary spanner going ahead, experts cautioned.
According to the sector experts, the year 2018 brought big tickets investments across all formats while bridging the online and offline divide to bring their customers closer and the trend may continue further.
Under the leadership of Emma Walmsley, who was elevated as CEO of GSK in April 2017, the company is focusing on three long-term priorities “Innovation, Performance and Trust.”
According to a report by Kroll and Mergermarket, since 2017, distressed merger and acquisition (M&A) values in India have hit USD 14.3 billion, 12 per cent of the total M&A value, led by deals involving Bhushan Steel (USD 7.4 billion), Reliance Communications (USD 3.7 billion) and Fortis Healthcare (USD 1.2 billion).
According to EY's latest Transaction Quarterly, the reported period recorded highest quarterly deal value at $34.8 billion across 273 deals in India.
The company put in an aggressive bid of Rs 6,000 crore. JSW Steel is also in the fray.
According to Grant Thornton, relative easing of regulatory ecosystem and consolidation across sectors have significantly driven the deal activity in April this year, sealing deals (M&A and PE) worth USD 21 billion across 119 deals.
The Assocham Year Ahead Outlook observed that India's M&A transactions witnessed a quantum jump of 170 per cent in valuations and over 70 per cent in the number of transactions in the year gone by on the basis of various estimates.
Chinese overseas M&A investments slumped by more than a third to $140 billion this year from a record last year, data from Thomson Reuters showed, and investment bankers expect the dealmaking environment to remain cautious in 2018.
A list naming a dominant player in every circle will be a first, which will also help address the issue of antitrust or unfair trade practices
It said the transaction's earlier-than-expected close meant that CSA would not provide cash inflow at the end of the year, leading Thyssenkrupp to expect free cash flow before M&A to be negative in the mid- to higher triple-digit million-euro range.
The January-June period of this year attracted 181 deals worth USD 29.2 billion, 56.7 per cent higher compared with the corresponding period last year and even surpassed the first half 2012 level which was the historical high for deal making in India, the global deal tracking firm said.
Despite a few splashy deals such as Amazon and Whole Foods, global mergers and acquisition (M&A) volume for the first half of the year hit $1.59 trillion dollars—which was about 4 percent shy of 2016's half-year total of $1.66 trillion.
According to assurance, tax and advisory firm, there were 36 deals worth USD 1.89 billion in May, while in the corresponding period last year there were as many transactions worth USD 1.83 billion.
"Unlike the global economy, which will see a shrinking contribution from the entertainment and media sector over the outlook period, in India the sector's growth rate will outpace the overall GDP growth rate," said PwC India Entertainment & Media Partner and Leader Frank D'Souza.
While one deal was worth USD 88 million, the value of other two was not disclosed. Key M&A deals in payments space include PayU Payments' acquisition of Citrus Payment Solutions for USD 130 million and E-Billing Solutions' acquisition of Techprocess Payment Services deal worth USD 88 million.
According to the assurance, tax and advisory firm, M&A values nearly halved in April while volumes declined by 36 per cent due to the absence of domestic action which saw a ten- fold decline on a year-on-year basis.