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India Inc’s M&A deals at $31 bn in Jan-November

Corporate India signed merger and acquisition (M&A) deals worth $31.16 billion in the first eleven months of this year, while transactions in November were valued at $3 billion, says a Grant Thornton report. According to the assurance, tax and advisory firm, the January-November deal tally remained subdued with transactions worth $31.16 billion this year, while in the corresponding period last year it stood at $34.62 billion.

There were 47 M&A transactions worth $2.97 billion in November this year, witnessing a massive plunge of 58 per cent over the corresponding period last year, when deals worth $7.11 billion were announced. The deal momentum is likely to see an uptrend in the coming months on account of easing inflationary pressures.

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