logo

$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. 
PTI

PTI

Our contributor helps bringing the latest updates to you


Share it
Top