Tax and advisory firm Grant Thornton reports that the Merger and Acquisition activity in India reached $25.65 billion in the first nine months of this year. “Most part of the M&A deal value has actually come from inbound investments where $12.6 billion has been infused thereby demonstrating a growth of almost 40 percent in value terms,” Grant Thornton India LLP Partner Prashant Mehra said. “Indian assets are expected to remain in focus as inbound and domestic M&As accelerate on the back of pickup in alternate buy out financing by PEs, and increased capital market activity – both volume and value will clearly be on an uptrend here,” Mehra added.
Cross border M&A activity increased by 24 per cent in value terms during this period, and sector wise this activity was driven by energy and natural resources contributing 32 percent of deal values along with IT & ITeS, pharma and healthcare together contributing another 32 percent, reports Business Standard.
Grant Thornton posits that going forward, the outlook for domestic and inbound M&A looks bullish.