The number of deals were only 31 in August this year, but the value was just a notch higher at $4.63 billion than in September this year, international accounting and business advisory firm Grant Thornton said in its monthly report. During July-September period of the current year, Indian company's had done more acquisitions valued at $9.2 billion than in the same period in 2007 at $5.3 billion.
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The value of mergers and acquisitions that India Inc snapped up in the first half of the year surged over seven times to a staggering $38 billion or over Rs 1.8 trillion, led by big ticket deals in the telecom and pharma sectors.
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The year saw 30 QIP deals raising over $5 billion and 35 IPOs.
Corporate India's shopping spree continued unabated in the second month of this year, as deals worth over $1.3 billion were announced, a five-fold jump from the year-ago period, a report by global consultancy firm Grant Thornton said.
The total number of M&A deals announced till December 15 stood at 445 and its combined value was $30.72 billion, according to global consultancy firm Grant Thornton said. It hardly a match to last year's 676 deals worth $51.11 billion.
India Inc's deal making saw a sharp decline in 2009 with just $24 billion worth of mergers and acquisitions and private equity deals taking place, but 2010 is likely to be a year of "opportunity," according to a report by a consultancy firm.
The year 2009 was a difficult year for Indian merger and acquisition (M&A) deals. However, it established the supremacy of Indian investment bankers (i-bankers) by catapulting them to the top of the league table, leaving their international peers far behind.
On the volume side, the number of M&A and PE deals was 110 in July, 15 per cent lower from 130 in July 2018.
According to assurance, tax and advisory firm Grant Thornton, corporates in the country announced 458 deals in the January-November period amounting to $26.76 billion.
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In July, 43 M&A deals were announced with a total announced value of $583.95 million. Out of the 43 deals 17 were domestic, where in both acquirer and target being Indian and 26 were cross-border deals. In the private equity deal segment similar trend was witnessed. The total number of PE deals during the first seven months of 2008 stands at 215, with an announced value of $7.74 billion as against 224 deals amounting to $9.52 billion during the corresponding period in 2007.
Amid domestic firms' growing appetite for merger and acquisitions and a robust economic expansion, India has surprisingly lost its place as the world's second largest home to 'super growth' companies to a relatively unknown Armenia.
Grant Thornton reports says total value of deals in 2013 crosses $8 bn, up 34% from the year-ago period, momentum likely to continue
Merger & acquisition and private equity deals struck by Indian Inc in the first half of the current year nosedived by more than half in terms of volume to 216 deals and by 66 per cent value-wise at $7.814 billion over the same period last year.
Indian companies announced as many as 60 private equity deals as against 56 M&A transactions, according to the data compiled by global consultancy firm Grant Thornton. However, the total value of PE deals was lower at $2.05 billion compared to $3.01 billion in M&As transactions.
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Markets regulator Sebi has empanelled as many as 16 entities -- including BDO India, Ernst & Young and Deloitte Touche Tohmatsu India -- for conducting forensic audits of financial statements of listed companies as part of efforts to curb frauds. The other empanelled entities are -- Chaturvedi & Co, Chokshi & Chokshi LLP, Grant Thornton Bharat LLP, Haribhakti & Co. LLP, KPMG Assurance And Consulting Services LLP, Mukund M Chitale & Co and Protiviti India Member Pvt Ltd, according to a public notice. In addition, Rajvanshi & Associates, Ravi Rajan & Co LLP, SKVM & Company, Suresh K Jha & Co, T R Chadha & Co LLP and V Singhi & Associates have been selected to conduct the forensic audits, it added.
The decision by the Reserve Bank of India to introduce a unified regulatory framework on connected lending for all the regulated entities (RE) is expected to reduce the influence of business conglomerates in the Indian lending space, said bankers and experts. "Connected lending pertains to lending to related parties within the same business group. "While the RBI might appear more agreeable to allowing business conglomerates to own banking licenses, it deems it crucial to bolster regulations that would prevent conglomerate-owned banks from gaming the system," said Shivaji Thapliyal, head of research and lead analyst, YES Securities.
According to Grant Thornton International, women still hold less than a quarter of senior management positions in privately held businesses globally and 34 per cent of PHBs have no women at the senior management level. In India, there is a rise in percentage of women in senior management level (15 per cent) as compared to previous year (14 per cent) but it still ranks in bottom five globally.
According to the latest IT sector M&A data from Grant Thornton, a total of 175 IT and ITeS deals were announced during the first nine months of 2007 with a total value of $3.59 billion. This translates into an average of 1.54 deals in a day or more than three deals in two days.The 175 deals during January-September period included 120 M&A deals worth $2.54 billion and 55 private equity deals worth $1.05 billion.
There were 312 deals in 2008 with a total announced value of $10.59 billion compared with 405 deals with an announced value of $19.03 billion in the year 2007, according to Grant Thornton's latest annual issue. Though there has been a decline in PE deals but still India Inc braved the downtrend and managed to attract decent number of such deals.
This was mostly driven by Qatar Foundation Endowment's $1.26 billion investment in Bharti Airtel.
Post-elections, the pace is expected to be greater for inbound deals, which have been largely pushed back for many months now for want of better clarity on the policy stance of new government, experts said.
A Grant Thornton's International Business Report says 40% businesses worldwide have no women senior managers and less than 22% of top positions are filled by women.
With a gradual erosion in valuation of mid- and small-sized IT and IT enabled services firms on the stock markets due to rupee fluctuations and a US slowdown, experts estimate as much as 50 per cent rise in merger and acquisition deals in the domestic IT industry over the next 12 months.
Mergers and acquisitions are set to become one of the most important trends of 2007 for India Inc, with the total deal value crossing $50-billion mark with one more month still to go. According to data compiled by international consultancy major Grant Thornton, India Inc recorded M&A deals worth $940 million in November, taking the total for first 11 months of 2007 to $50.79 billion.
According to data compiled by global consultancy firm Grant Thornton, the volume of M&A deals by Indian companies in countries like Brazil, Scotland, Netherlands and Canada is greater than that in the UK. The value of the nine deals in the UK clinched by Indian firms so far this year stands at just $58.50 million, while India Inc acquired four companies in Canada for a total of $166.70 million, one deal in Scotland for $80 million and another in Brazil for over $33 million.
A total of 62 M&A deals valued at $3.37 billion were announced in August, against 59 deals worth about $0.94 billion in July, according to data compiled by Grant Thornton.
The total value of merger and acquisition (M&A) deals have grown at a compounded annual growth rate of around 28 per cent between 2002 and 2006.
India Inc's appetite for mergers and acquisitions has seen total deal value nearly double in just two months of this year to about $37 billion from $20 billion in the entire 2006.
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