INFINIX XCLUB-INFINIX MOBILITY COMMUNITY OFFICIAL FORUM

 找回密码
 Register
搜索
热搜: ABC XYZ
查看: 9|回复: 0

India Inc’s M&A deal value slips 45% to $1.5bn in October: Report

[复制链接]

8063

Threads

110K

Posts

210K

Xpoints

Golden Star LV30

Diamondpost star1post star2sign star1sign star2sign star3post star3post star4post star5sign star4

发表于 2019-11-22 11:30:43 来自手机 | 显示全部楼层 |阅读模式
[img src="https://res.feednews.com/assets/v2/dd014a955d42a41fd9d90660ad19d562?source=nlp&quality=uhq&format=webp&resize=720" aid="source=nlp&quality=uhq&format=webp&resize=720"][br][br]NEW DELHI: Corporate India witnessed merger and acquisition deals worth $1.5 billion through 28 transactions in October, registering a 45% decline over the same month last year, a report said on Thursday.[br][br]According to Grant Thornton’s latest M&A Dealtracker, there were 28 M&A deals worth $1.5 billion in October this year, while in the same period last year 47 such deals were announced worth $2.8 billion.[br][br]While the overall M&A deal value and volume in October declined as compared to the year-ago period, on a month-on-month basis, there was an increase, showing signs of improved sentiments. “This was driven by the corporate tax cut, which has improved both investor sentiment and confidence.[br][br]This also resulted in the average deal size more than doubling from $24 million in September 2019 to $55 million in October 2019,” the report said. The energy sector dominated October’s M&A in terms of values with 64% contribution to total M&A deals, driven by the largest bet on India’s clean energy with Total SA’s 37% stake acquisition in Adani Gas for $0.9 billion.[br][br]Other sectors that attracted major deals during October include pharma sector, pushed by [a href="https://retail.economictimes.indiatimes.com/tag/metropolis"]Metropolis[/a] Healthcare’s acquisition of four pathology labs to fortify its foothold in [a href="https://retail.economictimes.indiatimes.com/tag/gujarat"]Gujarat[/a], followed by deals in the automotive, banking and energy sectors.[br][br]“Deal volumes were fairly spread across pharma, automotive, banking and financial services, energy and [a href="https://retail.economictimes.indiatimes.com/tag/natural+resources"]natural resources[/a], IT and ITeS, and media and entertainment sectors,” Pankaj [a href="https://retail.economictimes.indiatimes.com/tag/chopda"]Chopda[/a], director, Grant Thornton India LLP, said.[br][br]He further noted that “manufacturing, energy and natural resources, pharma, healthcare and biotech, IT and ITeS, and banking and financial services sectors are expected to contribute to M&A transactions. However, the absence of large ticket M&A transactions will weaken the overall deal activity”. The January-October deal activity continued to witness weak performance in terms of both deal values and volumes compared to the year-ago period.[br][br]
{:xb_1:} IF YOU LIKE MY POST {:xb_1:} {:xb_1:} PLEASE LIKE , SHARE {:xb_1:} {:xb_1:} AND COMMENT {:xb_1:}
回复

使用道具 举报

您需要登录后才可以回帖 登录 | Register

本版积分规则

Infinix Official Website|Infinix official mall|infinix Note 4|INFINIX XCLUB-INFINIX MOBILITY COMMUNITY OFFICIAL FORUM

GMT+8, 2020-05-29 15:31 , Processed in 0.047753 second(s), 21 queries .

Powered by Discuz! X3.4

© 2001-2017 Comsenz Inc.

快速回复 返回顶部 返回列表