The 36 merger-acquisition deals resulted in 5.6 billion in transactions


MUMBAI: India's corporate sector has picked up again after the Corona epidemic and the adverse effects of the lockdown subsided. According to a report, India Inc. in July. Deal activity increased by 7% to à«® 12.5 billion in 181 transactions. In terms of the number of deals, transactions increased by 3% in July, although the average ticket size decreased, according to consultancy firm Grant Thornton.

Compared to the previous June, the volume of deals was 3 per cent higher, while the value of deals increased by 3 per cent due to large ticket transactions. Thornton said the boom in rushing activity was mainly due to companies borrowing money financially and spending their cash reserves on convertible deals to relocate themselves to the post-Covid-16 world. The company expects the deal to remain positive in the coming months. According to the report, investments in July stood at 12.5 billion, the highest in any month since 2009.

In July, merger and acquisition activity saw six deals worth ૬ 2.7 billion, an increase of 12 per cent in volume and an 8 per cent drop in value on an annual basis due to lack of large-scale transactions.

Comments

Popular posts from this blog

Covid-19 effect: Significant increase in demand for second hand cars in the country

Information about soymilk and casein products

Due to the ban, employment and economic activity declined by two to three percent