India Inc M&A deals up 12% at $15.7 bn in first half of 2016 – Feedback

Corporate India’s merger and acquisition deal activity rose by 12 per cent to USD 15.7 billion in the first half of the year largely driven by domestic investor interest.

According to assurance, tax and advisory firm Grant Thornton, India Inc’s M&A deals witnessed 12 per cent rise in deal value to USD 15.7 billion in the first half of this year, inspite of a 5 per cent fall in number of deals compared with January-June period last year. “This growth was primarily driven by domestic and outbound transactions, which together increased by over 1.6 times as compared to first half of 2015; contributing over 50 per cent of the total deal values and over 70 per cent of the total M&A deal values,” Prashant Mehra, Partner at Grant Thornton India LLP said. Crossborder transactions in the first half included USD 3.9 billion worth of inbound deals and USD 3.1 billion worth of outbound deals.

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