India Inc made $2.2-bn M&A deals in January
21 Feb 2015 10:48 PM GMT
According to assurance, tax and advisory firm Grant Thornton, there were 48 deals worth $2.22 billion in January 2015, while in the corresponding period last year there were 33 transactions worth $930 million.
However, the previous month of December had witnessed 105 deals worth $4 billion. Inbound deals were the flavour of the month led by the Herman - Symphony deal worth $780 million. Moreover, there were three other deals of worth over $100 million each. In sharp contrast, outbound deals declined during the month, but the outlook for this segment looks bullish.
“Outbound activity though has grown in volume but otherwise remains sluggish, however, this is expected to change soon as Indian acquirer’s balance sheets are gradually coming out of the red,” Grant Thornton India LLP Partner Prashant Mehra said.
“The Ministry of Statistics and Programme Implementation’s estimate that India will demonstrate a growth rate of 7.4 per cent will perhaps lead to higher inbound activity and also drive domestic
investment,” he added.
However, the previous month of December had witnessed 105 deals worth $4 billion. Inbound deals were the flavour of the month led by the Herman - Symphony deal worth $780 million. Moreover, there were three other deals of worth over $100 million each. In sharp contrast, outbound deals declined during the month, but the outlook for this segment looks bullish.
“Outbound activity though has grown in volume but otherwise remains sluggish, however, this is expected to change soon as Indian acquirer’s balance sheets are gradually coming out of the red,” Grant Thornton India LLP Partner Prashant Mehra said.
“The Ministry of Statistics and Programme Implementation’s estimate that India will demonstrate a growth rate of 7.4 per cent will perhaps lead to higher inbound activity and also drive domestic
investment,” he added.
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