High acquisitions and deals through April- Grant Thornton
The month of April saw major acquisitions and mergers happening across many indian companies, and to say $6.9 billion which came from forty nine deals, and the big boss Sun Pharma, is a very big deal would be justified.
In the market of mergers and acquisitions, there were around forty two deals worth $1.8 billion which made big news. There were plenty of upsurges made this month, having two deals that were valued to be more than a billion dollars on each count, six of them worth $100 million and more, and five deals that scored between $50 million and $100, courtesy information by Grant Thornton’s latest Deal Tracker reporting services.
On the domestic front, the merger and acquisition deals came back into shape with high vigorous activities, volume and value term wise, says a source. This is because of the $3.2 billion deals between Ranbaxy and Sun Pharma, along with $1.4 billion stake consolidation by Vodafone.
Renewed activity is expected in the following sectors;
- Infrastructure
- Energy
- Consumer and financial services to name a few
Talking about the overall sentiments on such deals, sources from the business and finance world say things are looking up, especially with the new incoming government aiming at further developments for the nation. There is a high expectation of overall activities which is expected to bring about positive rebounds in the months ahead, say Grant Thornton India LLP Partner Raja Lahiri.
Source: The Hindu Business Line
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