Grant Thornton: International and Emerging Markets Blog

Indian M&A deal value has remained relatively high on average

Wednesday, January 07, 2009 | Posted by: Grant Thornton
Categories: | Tags: India, investment, global, India Watch, infrastructure, South Asia Group, deals, Anuj Chande, value, Pankaj Karna

The decline of the global economic environment has had a predictably negative effect on Indian Merger & Acquisition (M&A) activity. M&A deal volumes and values fell in the first 2 months of the year in comparison to the corresponding periods over 2008 and 2007. The total number of M&A deals in this period stood at 35 - down from 99 in 2008. With the fall in the volume of deals, there has also been a fall in the value. In the first 2 months of the year, the total value of the 35 deals stood at $1.2 billion - down from $4.6 billion over the same period in 2008.

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India remains a favourite location for cross-boarder M&A

Monday, January 05, 2009 | Posted by: Grant Thornton
Categories: | Tags: India, investment, global, India Watch, South Asia Group, deals, Anuj Chande, economic, Pankaj Karna

The year 2008 witnessed a global economic downturn due to the subprime credit crisis, fluctuating commodity and equity prices and the closure of numerous investment banks and other financial institutions. Despite recent events, M&A and Private Equity Investment (PE) activity in India has seen some of the largest deals in sectors including Microfinance, Automotive and Oil & Gas, showing a significant increase in the type of sectors available in the Indian market.

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India’s global economic position

Sunday, January 04, 2009 | Posted by: Grant Thornton
Categories: | Tags: India, investment, global, India Watch, infrastructure, aim, economic

As India enters into 2009, the opportunity arises to look back on the unprecedented year just passed – a year in which social, political and economic factors all contributed to a testing year for India.

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A view of India – deals, opportunities and countervailing forces in the current market

Friday, January 02, 2009 | Posted by: Grant Thornton
Categories: | Tags: India, global, India Watch, infrastructure, deals, Jonathan Morris, Berwin Leighton Paisner LLP, Mark Lewis

Whilst it will hardly come as a surprise that there is little to no current activity for Indian clients in the equity capital markets, we do see Indian infrastructure groups looking ahead to possible IPOs in London later this year or in early 2010. Time will tell as to whether the markets will be open by then.

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Indian firms continue to outperform AIM

Thursday, January 01, 2009 | Posted by: Grant Thornton
Categories: | Tags: India, investment, global, India Watch, LSE, South Asia Group, aim, Fiona Owen

Grant Thornton’s latest India Watch index reveals that, despite the current tough market conditions, Indian companies listed on the London Stock Exchange (LSE) are still collectively outperforming both the AIM 100 and the AIM all-share by a wide margin.

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Rising star: KEF

Sunday, October 05, 2008 | Posted by: Grant Thornton
Categories: | Tags: India, investment, global, India Watch, funds, infrastructure, Philip Secrett, aim, KSK

Energy investor raises record funds on AIM, in double quick time. KSK Emerging India Energy Fund Ltd (KEF) commenced dealings on the market in June, achieving gross proceeds of £101 million, a figure not likely to be surpassed this year.

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India: Economy well placed for revival in foreign investment by 2010

Saturday, October 04, 2008 | Posted by: Grant Thornton
Categories: | Tags: India, investment, economy, global, India Watch, South Asia Group, Alex Wright

Although India does not have direct exposure to the financial vehicles that caused the credit crunch, Duvvuri Subbarao, India’s new Central Bank Governor, warned that India and other large emerging economies would not be able to avoid the fallout from the crisis.

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