M&A deals declined 22% in October, says report

Mumbai Nov 10 (IANS) The merger and acquisition (M&A) deals in the country declined by 22 per cent last month on a year-on-year (YoY) basis a report said on Thursday.

According to Grant Thornton s M&A dealtracker report for October 2017 the industry s M&A deals declined to 35 from 45 reported for the corresponding month of last year.

The report pointed out that a total of $3.77 billion worth of M&A transactions were spread across 35 deals during the month under review whereas in October 2016 the country s M&A activity recorded 45 deals worth $17.32 billion.

"Both domestic M&A and cross-border have been subdued this month and the reason seems to be that industry is busy dealing with the implementation issues around GST " said Prashant Mehra Partner at Grant Thornton India LLP.

--IANS
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