Indian M&As grow 3-fold in 2010
Indian companies are optimistic when it comes to mergers and acquisitions (M&As) and inked more deals in 2010 as compared to 2009.business Updated: Jan 06, 2011 22:38 IST
Indian companies are optimistic when it comes to mergers and acquisitions (M&As) and inked more deals in 2010 as compared to 2009.
According to Ernst & Young, M&As involving Indian companies trebled to $68.3 billion in 2010 as compared to the previous year.
Easy availability of finance as well as better economic prospects saw Indian players involved in as many as 1,267 M&A deals in 2010.
"2010 has been a blockbuster year for Indian M&A deals. The country's swift economic recovery, together with growth potential of Indian companies has triggered this deal activity, touching the peak levels of 2007," said Ranjan Biswas, partner and national director, transaction advisory services, Ernst & Young.