Corporate India went on a shopping spree in July-September of this year with 100 deals amounting to $27.7 billion, the highest quarterly value since 2001, says global deal tracking firm Mergermarket. Quarter-on-quarter, there has been a 212.7 per cent jump in deal value as the previous quarter (April-June) witnessed transactions worth $8.8 billion.
“Due to the September quarter’s record performance, YTD (year to date) value of India-targeted M&A activity ($46 billion) has already exceeded any annual value on Mergermarket record through a total of 281 deals,” Mergermarket said in a report. Telecommunications was the India’s most active sector this year in respect of deal value. Its five deals worth $16.1 billion announced during January-September, the report said.