Deal activity in India during the first half of 2021 amounted to USD 40.7 billion across 710 deals, including both private equity (PE) and strategic acquisitions (M&A), according to a report by consulting major PricewaterhouseCoopers (PwC). The second wave of infections resulted in lockdowns across states, thereby hampering ongoing deal activities, it said in the report titled 'Deals in India: Mid-year review and outlook for 2021 -- resilience and recovery.' However, the deal value in H1 2021 was 14 per cent lower compared to the same period last year. The volume of deals recorded in H1 2021 declined by 12 per cent and 6 per cent compared to H2 2020 and H1 2020 respectively. PE activity in H1 2021 was at an all-time high at USD 26.3 billion, 19 per cent and 25 per cent higher compared to H2 2020 and H1 2020 respectively, said the report.

Source: Mint August 14, 2021 07:52 UTC