India Inc deal value crops 80% in Feb

India Inc deal value crops 80% in Feb

Total value of deals involving Indian companies plunged 80 per cent year-on-year in February, although experts said the momentum will gather pace soon spurred mainly by aviation, media, retail and pharma sectors.

According to leading assurance, tax and advisory firm Grant Thornton, there were 70 transactions worth $3 billion, of which merger and acquisition (M&A) deals were worth $2.7 billion, while private equity transaction amounted to $0.3 billion, in February.

This represents a drastic decline of nearly 80.58 per cent from the year ago period, when the deal tally stood at a whopping $15.45 billion. In February, inbound deals were the flavour of the month. In February 2013 there were $1.99 billion worth of deals through 7 transactions as compared to $0.27 billion by way of 9 deals in the corresponding month of 2012.

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