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India’s M&A Deal Value Drops 34% To $1.24 Billion In February 

In February last year, the total value of M&A transactions had touched $1.9 billion.



A U.S. one-hundred dollar banknote and Indian ten rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
A U.S. one-hundred dollar banknote and Indian ten rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

The value of merger and acquisition deals in February slumped 34 percent to $1.24 billion compared to the year-ago period, according to a report.

Grant Thornton’s report showed that number of M&A transactions last month rose marginally to 44, compared to 40 in February 2018.

In February last year, the total value of M&A transactions had touched $1.9 billion.

While February 2019 recorded same number of deals valued and estimated at over $100 million as witnessed in February 2018, the high-valued deals totalled to only $0.9 billion compared to $1.5 billion in February 2018.
Grant Thornton’s Report

Pankaj Chopda, director, Grant Thornton India LLP, said the shortening of the run-up period to the national election will only deepen the wait-and-watch approach in the deal environment in the short term and much is expected post the results of the general election.

Regarding last month, he noted that M&A transactions were dominated by cross-border transactions as against a mix of cross-border and merger transactions in the same period a year ago.

“The month of February recorded the highest volumes in seven months, demonstrating the strong urge to expand outside local territory surpassing global headwinds,” he added.