ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

India Inc's merger and acquisition deal amount to $7 billion in Q1: Report

There were 190 deals with a total disclosed deal value of $7.0 billion in the second quarter of this year, while transactions worth $6.1 billion were announced in the corresponding period last year.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
India Inc's merger and acquisition deal amount to $7 billion in Q1: Report
Merger and Acquisition deals amounted to $7 billion. Photo: Pixabay

Corporate India's merger and acquisitions (M&A) deal tally for April-June 2016 stood at $7 billion, up 14% from the corresponding quarter a year ago, largely driven by big ticket transactions, an EY report says.

According to EY's recent Transactions Quarterly report, there were 190 deals with a total disclosed deal value of $7.0 billion in the second quarter of this year, while transactions worth $6.1 billion were announced in the corresponding period last year.

However, deal volume (number of deals) declined 8% as compared to the corresponding quarter last year.

The 14% jump in aggregate disclosed deal value was predominantly due to four mega deals ($500 million and above), which contributed around $4 billion and accounted for 57% of the total disclosed deal value during April-June this year.

Sector-wise, technology segment continued to dominate the deal volume with 23 deals, followed by infrastructure and retail and consumer products sectors which clocked 18 deals each. On the value front, the infrastructure sector led with $2.8 billion.

"While the relative softening in deal activity reflects the overall tepid nature of the global M&A market, the deal activity was more pronounced on the domestic front on account of some mega deals and driven by a need to consolidate," said Amit Khandelwal, Partner and National Director, Transaction Advisory Services, EY.

"Inbound activity also saw an increase owing to global investors' continued interest in India. We expect the M&A activity to remain stable over the coming months," Khandelwal added.

Domestic activity continued to dominate the Indian M&A transactions, with 103 deals accounting for an aggregate disclosed deal value of $4.9 billion.

The largest deal involving home-grown companies during the quarter was the announced acquisition of Welspun Renewables Energy by Tata Power Renewable for $1.4 billion.

In another deal, JSW Energy announced to acquire Jindal Steel and Power Limited?s 1,000 MW power plant in Chhattisgarh for $977 million.

"These big-ticket transactions, especially in the power sector, were distressed asset sales by leveraged corporations to deleverage their balance sheets.

"These deals are anticipated to gain further prominence in coming months, with banks? stringent view on non-performing assets," the report said.

Going forward, the report noted that the overall deal momentum may face a period of uncertainty in the near-term due to continued economic and political uncertainties in global markets.

Nevertheless, with the long-term outlook on India remaining robust, the activity should pick-up pace once the global political and economic scenario become more settled. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Mergers and Acquisitions (M&As)First Quarter (Q1)big ticket transactionsTechnologyEYJSW EnergyEconomy
Written By: PTI
Updated: Wed, Aug 17, 2016
05:53 pm
New Delhi, PTI
RELATED NEWS
Aditya Birla Nuvo-Grasim merger: Stock down 20% as shareholders vent their anger at a raw deal Aditya Birla Nuvo-Grasim merger: Stock down 20% as shareholders vent their anger at a raw deal
HDFC Life signs merger deal with Max Life HDFC Life signs merger deal with Max Life
Vedanta Resources aims to close merger with Cairn India in early 2017 Vedanta Resources aims to close merger with Cairn India in early 2017
Uber to combine China business with Didi Chuxing in $35 billion merger? Uber to combine China business with Didi Chuxing in $35 billion merger?
Tesla, SolarCity set to announce merger on Monday Tesla, SolarCity set to announce merger on Monday

LATEST NEWS

Budget 2023: Rs 28,138 crore allocated to meet requirements for One Rank One Pension

Q3 Results 2023: Jubilant Foodworks, Ashok Leyland, Tata Chemicals, Mahindra Logistics announce quarterly earnings - HIGHLIGHTS

Budget announces host of measures to enhance business in IFSC

ITC shares fall and then recover after government hikes cigarette taxes — do investors need to panic?

Delhi weather, temperature today forecast: Windy morning in national capital; Air quality in moderate category

Budget 2023 Impact: Infrastructure-related stocks zoom on FM’s announcement to hike capex by 33% for next fiscal

Sanjiv Bhasin stocks, strategy on Zee Business: BUY Bank of Baroda, IDFC First Bank, Concor, Ultra Tech, SBI | Check price targets

Budget 2023: Viability Gap Funding, custom duty exemption a positive for electric vehicle segment, says industry

Samsung Galaxy S23 5G Series launched in India: Check prices of S23 Ultra, S23 Plus and S23 - Specifications, Camera and other details

Budget 2023: Tourism stocks spurt as government announces special focus on sector

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV