Source: Business Standard, May 22, 2019
New Delhi: The value of merger and acquisition deals announced in April stood at $735 million (over Rs 5,100 crore), a decline of 96 per cent against previous year during the same period, as per a report.
According to a report by consultancy Grant Thornton, in April last year, the total M&A deal value stood at $19,142 million.
The report said the total number of deals announced last month stood at 35. Of this, two were billion-dollar deals, while 18 were valued at or above $100 million, together contributing 91 per cent of total M&A deal value.
When compared to March 2019, M&A transactions value plummeted 92 per cent despite a 17 per cent increase in the deal volumes.
“Absence of large ticket merger transactions and/or non-closure of Insolvency and Bankruptcy Code (IBC) transactions impacted the overall M&A transaction values,” Grant Thornton India LLP Director Pankaj Chopda said. Read the rest of this entry »