M&A deals declined 13% in November: Report

Mumbai Dec 8 (IANS) Mergers and Acquisitions (M&A) in the country declined by 13.33 per cent last month on a year-on-year (YoY) basis a report showed on Friday.

According to Grant Thornton s M&A dealtracker report for November 2017 the industry s M&A deals declined to 39 from 45 reported for the corresponding month of last year.

The report disclosed that a total of $3.21 billion worth of M&A transactions were spread across 39 deals during the month under review whereas in November 2016 the country s M&A activity recorded 45 deals worth $2.07 billion.

"About 100 transactions (M&A and PE) with an aggregate value of $6.2 bn were reported in November 2017 which is about twice the deal value and almost the same volume as compared to same month last year " said Prashant Mehra Partner at Grant Thornton India LLP.

--IANS
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