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India records 221 M&A deals worth $9.2 bn in Oct
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SME Times News Bureau | 16 Nov, 2021
India Inc has witnessed 221 M&A deals amounting to $9.2 billion in October 2021, which is the highest since 2015.
According
to Grant Thornton Bharat Dealtracker, October has seen an 11 per cent
increase in deal activities as compared to September 2021. It said that
the deal volumes have doubled on a YoY basis.
Acquisition of Air
India by Tatas, and deals in start-up and IT sectors also aided October
M&A numbers, the Dealtracker cited.
"The economy is being
bolstered by the rapid improvement in high-frequency indicators such as
the e-way bills, GST collection, power demand, rail freight and exports
growth. The current pace is likely to re-establish economic growth
momentum," said Shanthi Vijetha, partner at the Grant Thornton Bharat.
Also, positive domestic business sentiment across sectors and an
economic recovery globally, continue to aid the overall trend, it added.
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