Voda-Idea merger gave India Inc's M&A tally a fourfold jump

March saw a fourfold rise of $27.82 billion in the tally of India Inc's Merger and Acquisition (M&A) deals, mainly because of the Vodafone-Idea merger, which took the overall figure to $31.54 billion in the first quarter of 2017.

"The Indian deal activity was dominated by big-ticket mergers and acquisitions this quarter. The quarter witnessed one of the largest deals in the country with Vodafone and Idea's merger, which is estimated at around $27 billion," said Prashant Mehra, partner at Grant Thornton India LLP.

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The January-March quarter this year recorded $33.7 billion from 300 deals, thus registering a sharp rise as compared to $10.9 billion in the same period last year.

If we take out the Vodafone-Idea mega merger worth $27 billion, the deal activity would have recorded a fall of 39% in values, said Grant Thornton.

The number of M&A deals has continued to shrink for three quarters in a day, but are solely driven by big-ticket deals, hence the rise in valuation.

Talking of the coming future, M&A activity in 2017 is expected to stay positive because of the sustained interest in the country’s economy.

(Image source The Staffing Stream)