M&A deals increase in H1 2018 to 235, worth over $65 bn: Report
Monday - July 16, 2018 10:48 pm ,
Category : BUSINESS
Mumbai July 16 (IANS) Mergers and Acquisitions (M&A) in the country increased to 235 deals during the first half (H1) of 2018 from 198 deals reported for the corresponding period of last year a report showed on Monday.
According to Grant Thornton s M&A dealtracker report for H1 2018 a total of $65.45 billion worth of M&A transactions were spread across 235 deals during the period under review whereas in H1 2017 the country s M&A activity recorded 198 deals worth $30.94 billion.
"M&A is further expected to pick up given the IBC amendments recently passed by the Parliament as several distressed assets come up for sale at attractive valuations " said Prashant Mehra Partner Grant Thornton India LLP.
"This is especially true for capital-intensive sectors such as real estate infrastructure power and cement. A good capital market and strong regulatory reforms including the insolvency law are signs of depth and maturity and this makes the Indian market attractive."
--IANS rv/sed
According to Grant Thornton s M&A dealtracker report for H1 2018 a total of $65.45 billion worth of M&A transactions were spread across 235 deals during the period under review whereas in H1 2017 the country s M&A activity recorded 198 deals worth $30.94 billion.
"M&A is further expected to pick up given the IBC amendments recently passed by the Parliament as several distressed assets come up for sale at attractive valuations " said Prashant Mehra Partner Grant Thornton India LLP.
"This is especially true for capital-intensive sectors such as real estate infrastructure power and cement. A good capital market and strong regulatory reforms including the insolvency law are signs of depth and maturity and this makes the Indian market attractive."
--IANS rv/sed
