Mergers & Acquisitions Activity at High Level in Two Years, Know How Many Deals Happened – India TV Hindi

    Three deals worth $12 billion were signed in the last quarter.- India TV Paisa

Photo: Reuters Three deals worth $12 billion were signed last quarter.

The March quarter saw a sharp increase in deal-related activity among companies in the country. The $8.5 billion merger deal between Reliance and Disney took total M&A activity to a two-year high in the March quarter. This information was given in a report on Tuesday. Total transactions, including mergers and acquisitions, rose marginally to 427 deals in the January-March quarter, compared to 422 deals in the October-December quarter, advisory firm Grant Thornton India said in a report.

The total value of the deals reached $20.41 billion.

According to the news, however, the value of the total deals made in the last quarter increased by 43% to reach $20.41 billion. This is the best performance of transaction deals since the April-June 2022 quarter. The most important deal of the quarter was the merger of Reliance’s media company Viacom18 with Star India, the report said. It created an enterprise value of $8.5 billion.

The number of deals over $100 million fell 36 percent to 18 in the March quarter, while the number of billion-dollar deals increased compared to the December quarter.

A total of 120 merger and acquisition transactions.

According to the report, three deals worth $12 billion were signed in the last quarter, which is about 59 percent of the total value of the deals done this quarter. Of the total deals, 120 were M&A transactions while the rest were private equity (PE) transactions. PE activity increased in the quarter under review with 307 deals valued at $8.1 billion, up 51% in value and 10% in volume over the previous quarter.

The retail sector led the way in terms of volume this month. Then came IT and banking. On the other hand, the media and entertainment, telecommunications and retail sectors remained ahead in terms of value.

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