<p>"The rise in outbound deals provides clear evidence that the Indian industry is consolidating, and at the same time aggressively working on global expansion," the study by Assocham said.<br /><br />Total 59 outbound M&A took place during April-September 2010-11 against 27 in the same period of the last financial year.<br /><br />The study said the total number of M&A deals (outbound, inbound and domestic) increased from 86 in first half of 2009 to 141 during April-September 2010. Of the 141 M&A, 68 were domestic deals and 14 inbound.<br /><br />In value terms, the overall M&A deals rose 345.16 per cent to USD 52.6 billion during April-September 2010 from USD 11.8 billion in the year-ago period.The major mergers and acquisitions occurred in telecom, metal and mining and energy sector, the chamber said.<br />Among the major outbound deals during the period India's telecom major Bharti Airtel completed a deal to buy Kuwait-based Zain Telecom's African business for USD 10.7 billion.<br />In metal and mining sector Adani Enterprises, India's largest importer of coal, bought coal mine assets in Queensland from Australia's coal-to-liquid company Linc Energy for USD 2.7 billion.</p>
<p>"The rise in outbound deals provides clear evidence that the Indian industry is consolidating, and at the same time aggressively working on global expansion," the study by Assocham said.<br /><br />Total 59 outbound M&A took place during April-September 2010-11 against 27 in the same period of the last financial year.<br /><br />The study said the total number of M&A deals (outbound, inbound and domestic) increased from 86 in first half of 2009 to 141 during April-September 2010. Of the 141 M&A, 68 were domestic deals and 14 inbound.<br /><br />In value terms, the overall M&A deals rose 345.16 per cent to USD 52.6 billion during April-September 2010 from USD 11.8 billion in the year-ago period.The major mergers and acquisitions occurred in telecom, metal and mining and energy sector, the chamber said.<br />Among the major outbound deals during the period India's telecom major Bharti Airtel completed a deal to buy Kuwait-based Zain Telecom's African business for USD 10.7 billion.<br />In metal and mining sector Adani Enterprises, India's largest importer of coal, bought coal mine assets in Queensland from Australia's coal-to-liquid company Linc Energy for USD 2.7 billion.</p>