Corporate India Jan-April deal tally at $33 billion
Corporate India announced deals worth $1.96 billion in April through 28 transactions taking the year-to-date tally to $33.49 billion, according a Grant Thornton report.
M&A values nearly halved in April, while volumes declined 36 per cent due to the absence of domestic action, which saw a ten-fold decline year-on-year, the assurance, tax and advisory firm said.
Meanwhile, cross-border activity grew eight-fold supported by e-commerce major Flipkart’s $1.4-billion investment round.
In the January-April period, there were 133 transactions worth $33.49 billion, a three-fold jump over the corresponding period last year when there were 168 transactions worth $11.52 billion.