Corporate India’s merger and acquisitions deal tally for April-June 2016 stood at $7 billion, up 14 per cent from the corresponding quarter a year ago, largely driven by big ticket transactions, an EY report says.
According to EY’s recent Transactions Quarterly report, there were 190 deals with a total disclosed deal value of $7.0 billion in the second quarter of this year, while transactions worth $6.1 billion were announced in the corresponding period last year. However, deal volume (number of deals) declined 8 per cent as compared to the corresponding quarter last year. The 14 per cent jump in aggregate disclosed deal value was predominantly due to four mega deals ($500 million and above), which contributed around $4 billion and accounted for 57 per cent of the total disclosed deal value during April-June this year. Sector-wise, technology segment continued to dominate the deal volume with 23 deals, followed by infrastructure and retail and consumer products sectors which clocked 18 deals each. On the value front, the infrastructure sector led with $2.8 billion.