India Inc treads cautiously, M&A activity slows down
Thursday, October 13, 2011
| Posted by: Grant Thornton
Categories:
India,
India Watch Issue 14
| Tags: India,
M&A,
deals,
energy,
market,
Deal Tracker,
Grant Thornton LLP,
assets,
telecom,
tourism
Merger and acquisition (M&A) deal activity in the first nine months of 2011 totaled US$ 32.6 billion from 465 deals compared to US$ 42.4 billion from 511 deals during the corresponding period in 2010. While the first half of 2011 kept pace with the corresponding period of 2010 in terms of deal value, the M&A space witnessed a marginal setback in the third quarter of 2011 owing to European debt woes, S&P’s downgrade of US sovereign debt, rickety markets and tightening monetary policy in India.
