$3.64 bn M&As sealed in April; Jan-April deal tally at $12 bn
Following the significant rise in deal activity in April, M&A deal value for the first four months of the year amounted to $12.57 billion, registering a jump of 49 per cent over the January-April 2015.
The overall M&A market witnessed a significant upsurge this month with a $2 billion transaction and two deals worth over $100 million, Grant Thornton India said.
Domestic M&A deals saw a steep hike, predominantly on account of Ultratech Cement's $2.4 billion acquisition of Jaiprakash Associate's cement business.
Moreover, domestic transactions doubled as compared to the corresponding period last year and cross-border deals also grew at a steady 9 per cent.
"The key growth has come from the domestic M&A activity, which contributed $3.3 billion to deal values. Both inbound and outbound deal flow has been nominal this month," Grant Thornton India LLP Partner Prashant Mehra said.