Financial sector tops India M&A deals – Feedback

Mergers and acquisitions (M&A) data collated by Thomson Reuters shows that about a quarter of the activity was in the financial sector this year.

The sector has seen deals worth $11 billion in the nine months till 30 September, a 4.7 times jump from the year- ago period.The largest deal in the sector was the merger between HDFC Standard Life Insurance Co. Ltd and Max Life Insurance Co. Ltd. Materials, telecoms and energy, which were facing issues like price slump and heightened competition, also saw a fairly high number of deals. Aditya Birla Nuvo Ltd-Grasim Industries Ltd amalgamation and merger of Aircel Ltd-Reliance Communications Ltd wireless business drove deals in materials and telecom sectors. India’s gold imports have been declining since the end of 2013. The trigger for the fall in gold imports was quantitative restrictions that the government imposed on imports of the yellow metal.

http://www.livemint.com/Money/pdzBXJXLshSZnfALIkgroJ/Financial-sector-tops-India-MA-deals.html

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