Top
Millennium Post

M&A deals value involving Indian cos touch $4.7 bn

Global consultancy firm EY on Sunday said M&A activities involving Indian companies are anticipated to gain traction over the coming months on the back of a relatively stable political scenario.

In the July-September quarter, total value of such M&A deals touched $ 4.7 billion spread across 203 transactions.

‘The technology sector dominated the M&A league tables, accounting for 27 deals that reflect a strong focus on services and solutions around healthcare IT,’ EY said in a statement.

However, in terms of value, it was lower than $5.4 billion seen during the 2013 September quarter even as the number of deals were less at 167. On a comparative basis, the decline in overall value of transactions ‘attributable to one mega deal of $2.6 billion in Q3 2013 by ONGC Videsh of a ten per cent stake in Mozambique's Rovuma 1 offshore block,’ the statement said.

According to EY, if that deal is excluded, the latest September quarter registered an increase of 71 per cent in deal value compared to the year-ago period.
Next Story
Share it