Technology, media and telecom along with financial services will remain the most active sectors for inbound deal-making
Announced deals involving Indian firms roughly doubled in the first half to $83.5 billion from $42 billion a year earlier
Mergers and Acquisitions (M&A) in the country increased to 40 deals in April 2018 from 29 reported for the corresponding month of last year, a report showed on Thursday.
Corporate India's merger and acquisition deal value stood at USD 54.7 billion in 2017, and telecommunications, technology and financial service were the top three sectors in terms of deal value, says a report. According to global deal-tracking firm Mergermarket, as many as 379 M&A deals were announced worth USD 54.7 billion in 2017, a slight decrease compared to the record high value registered in 2016, which saw 421 deals valued at USD 59.7 billion. Sectorwise, telecommunications contributed 37.2 per cent to India's total deal value in 2017. The USD 12.7 billion Idea Cellular-Vodafone India deal was the largest transaction in 2017, while Reliance Jio Infocomm's USD 3.7 billion acquisition in wireless spectrum, towers, fibre and media convergence node assets of Reliance Communication (RCom) was the second largest deal in 2017. The total annual deal value in the financial services sector increased by 34.3 per cent to USD 6.9 billion in 2017 from USD 5.1 billion in the
Corporate India's M&A deal tally took a 63.4 per cent hit in the July-September quarter of this year, largely because of a "flagging economy" that has led to the decline, says a Mergermarket report. According to the global deal tracking firm, the third quarter of 2017 experienced a slowdown in Indian mergers and acquisitions, with the deal value declining by 63.4 per cent to USD 6.8 billion, compared to USD 18.5 billion in the same period last year. Moreover, the number of deals announced specific to India was the lowest since 2009, the report said. "The flagging economy of India with the GDP (growth) slowing to a three-year low of 5.7 per cent appears to have contributed to the decrease in the market," the Mergermarket report said. Telecom was still the most active sector in the year by deal value, thanks to two large deals both valued over USD 1 billion in the first half of 2017. During the third quarter of 2017, technology's deal value rose four times to reach USD
Abercrombie & Fitch ended talks about potential sale after failing to agree on terms with suitors
Vantage point: Insights from cutting-edge research
M&As stood at $17.5 billion in 2016 and is likely to touch $28.5 billion in 2017
The $12.9-billion sale of Essar Oil stake to Rosneft has propelled JM Financial and VTB Bank of Russia to the top
The data excludes some of the massive deals of 2015 that have not yet been completed, including Anheuser-Busch InBev's $100 bn-plus merger with SABMiller
RBI now allows parties to enter into escrow arrangements for up to 18 months
Banks can only make acquisitions when they have financial might which is subdued at the moment
Analjit Singh, Max Group promoter and HDFC Chairman Deepak Parekh spoke about the merger of HDFC Ltd with Max Life and Max Financial Services