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M&A deals value down 41% in Apr-Sep

Corporate India announced 177 merger and acquisition deals worth $26.8 billion in the first nine months this year, a 41.5% decline vis-a-vis the corresponding period a year ago, according to a report.

business Updated: Oct 07, 2011 23:50 IST

PTI
Hindustantimes
         

Corporate India announced 177 merger and acquisition deals worth $26.8 billion in the first nine months this year, a 41.5% decline vis-a-vis the corresponding period a year ago, according to a report.

As per the report by global advisory firm mergermarket, titled 'Indian M&A Roundup Q1-Q3 2011', Indian M&A saw a 41.5% decline in the value of M&A deals in the first nine months of 2011 and a 16.9% drop in terms of volume, compared to the same period of 2010.

"With benchmark Sensex slumping almost 23% year-to-date, rising inflation and interest rates and ongoing global woes, it is not surprising that domestic M&A dwindled in the Q1-Q3 compared to the same period last year," said Anjali Naik, deputy editor of mergermarket, Asia-Pacific.

First Published: Oct 07, 2011 23:48 IST

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