Corporate India’s merger and acquisition (M&A) spree saw a significant uptrend in October, taking the deal tally for the first 10 months this year to $29 billion, says a Grant Thornton report. As per the assurance, tax and advisory firm, there were 58 M&A transactions worth $3,144 million in October, a jump of 233 per cent.
M&As were up 35 per cent in terms of the number of transactions. The significant growth in October values was due to big ticket transactions, the report said, adding that seven deals were valued over $100 million each and one was worth a billion dollar. Together, they contributed to around 80 per cent of total M&A value. “Outbound investments and Domestic M&A have been demonstrating signs of growth," Grant Thornton’s Prashant Mehra said.”