India Inc Q2 M&A deal value at $2.2 billion

While the momentum is still not close to that witnessed last year, there are visible and emerging signs that reflect that the M&A activity is now accelerating, Ernst and Young said in its latest transaction quarterly report.. Transaction value during the September quarter 2009 was down around 76 per cent from the same period last year.

High domestic activity was witnessed in the September quarter, as domestic transactions contributed around 57 per cent to the total transaction value.