Cor­po­rate In­dia Jan-April deal tally at $33 bil­lion

Business Standard - - COMPANIES -

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.

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