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Despite Reliance Group closing a slew of equity divestments in its telecom and retail arms to the tune of USD 23 billion in 2020, the overall inbound M&As failed to notch up the 2019 tally with the value falling 7 per cent to USD 73.6 billion last year, according to a report. Last year, outbound M&As touched USD 4.4 billion, up 58.4 per cent compared to 2019 and over 80 per cent of the money landed in US assets, according to a tally of Mergers & Acquisitions (M&As) by global financial markets data provider Refinitiv. Overall inbound deals faltered due to the pandemic, pulling down the deal value by 7 per cent and down 11.5 per cent in volume over 2019. With USD 73.6 billion worth inbound deals, M&A value last year was way below the all-time high it scaled in 2018 at USD 132.2 billion and up from 2017 when it was at a low USD 58.3 billion, according to Elaine Tan, a senior analyst at Refinitiv. The numbers would have been much lower had it not been for the litany of