India Inc's merger and acquisition activity witnessed nearly 1,500 deals worth $62.5 billion in 2016 and with more economic reforms expected, the current year is also likely to be 'action-packed', says a report. According to assurance, tax and advisory firm Grant Thornton, M&A values clocked their highest, in the last five years with transaction worth $48.5 billion through 516 M&A deals. In contrast, Private Equity (PE) activity slumped this year and registered its first decline in the last four years over increasing caution in investor sentiments. There were 971 pure play PE deals worth $13.9 billion in 2016. "2016 has been extremely action-packed with tremendous growth in deal activity and a slew of economic and structural reforms," Harish HV, Partner at Grant Thornton India LLP said.

Source: dna January 25, 2017 13:46 UTC