M&A activity in Q1 was dragged down by a subdued global M&A market and the uncertainty around the results of the general elections, an EY report said. Domestic M&A activity remained strong in the first quarter with 158 deals recorded, accounting for an aggregate disclosed deal value of $7.1 billion. This accounted for around 65% of the total deal volume and around 72% to the total disclosed deal value. While inbound deal value increased by 21%, outbound deal value declined by 53% on a year-on-year (y-o-y) basis. EY expects stable M&A activity on the back of domestic consolidation and continued interest by foreign investors.

Source: Mint June 03, 2019 17:37 UTC