M&A deal value drops 96 pc to USD 735 million in April
According to a report by consultancy Grant Thornton, in April last year, the total M&A deal value stood at USD 19,142 million.
The value of merger and acquisition deals announced in April stood at USD 735 million (over Rs 5,100 crore), a decline of 96 per cent from the year-ago period, as per a report. According to a report by consultancy Grant Thornton, in April last year, the total M&A deal value stood at USD 19,142 million.
The report said the total number of deals announced last month stood at 35. Of this, two were billion-dollar deals, while 18 were valued at or above USD 100 million, together contributing 91 per cent of total M&A deal value.
When compared to March 2019, M&A transactions value plummeted 92 per cent despite a 17 per cent increase in the deal volumes. "Absence of large ticket merger transactions and/or non-closure of IBC transactions impacted the overall M&A transaction values," Grant Thornton India LLP Director Pankaj Chopda said.
In April this year, there were only three transactions worth over USD 100 million as compared to eight such deals including one worth over USD 7 billion in March, the report said.
Further, both domestic and cross-border transactions took a back seat in April when compared to the same period last year as only 35 deals aggregating to USD 0.7 billion were announced, the report added.
Of the total M&A value, 43 per cent was contributed by retail and consumer sector led by Amazon's strategic stake acquisition in Witzig Advisory Services in order to acquire Aditya Birla Group's More and compliance with the latest FDI norms on e-commerce.
This was followed by deals in IT-solutions and data analytics, IT, pharma and e-commerce sectors, among others.
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.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
10:55 PM IST