Live
- Youth Cong takes out ‘mashaal rally’ condemning Amit Shah’s statement on Ambedkar
- Hyderabad remained peaceful in 2024,but sees sharp spike in cybercrimes
- MP, West MLA distribute cheques to critical patients
- Hyderabad Book Fair a big draw among book lovers
- GVMC secures 1st place in best public awareness programme category
- 39 transgenders recruited as Traffic Assistants
- Jesus’ teachings promote unity, compassion: Haryana Governor
- Special drive held on road safety
- Simultaneous elections not imminent: Purandeswari
- Vaktha helping transform individuals as leaders
Global tension dampen M&A deal activity
Corporate India's merger and acquisition activity moderated in August with 23 deals worth $845 million, the second lowest monthly deal volume till date amid ongoing global uncertainties, says a report.
New Delhi: Corporate India's merger and acquisition activity moderated in August with 23 deals worth $845 million, the second lowest monthly deal volume till date amid ongoing global uncertainties, says a report.
According to Grant Thornton's monthly M&A Dealtracker, the prevailing economic uncertainties resulted in August recording 36 per cent decline in terms of number of deals and 49 per cent fall in value terms. In August 2018, there were 36 deals worth $1,660 million.
"Owing to global trade tensions and failure to record big ticket deals during August 2018, cross-border values fell by over five times. However, on the positive side, the domestic M&A values recorded a 55 per cent increase over August 2018 on the back of encouraging measures and easing reforms," Pankaj Chopda, Director at Grant Thornton India LLP said.
