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Epic Update Ultratech Cement
Calendar 2016 is turning out to be a big year for merger and acquisition (M&A) activity in India Inc, with the first half of the calendar alone witnessing about $27 billion worth of such deals, up 81.7 per cent over the volume during the same period last year.
While foreign investors were slow on inking deals with domestic firms, the latter were busy signing various inbound and outbound deals all though the first six months.
The total worth of M&A announcements in 2016, including cross-border deals, stood at $26.8 billion, which was highest since 2011 when deals worth $27.3 billion were clinched, data from Thompson Reuters showed.
The average M&A deal size (for companies disclosing values) reached $98.6 million during the first half against $60 million in the same period last year, the data revealed.
M&A deals among the domestic companies totalled $16.3 billion in the first half of CY16, up 250 per cent YoY, to hit the highest level since 2006.
Jaiprakash Associates’ Rs 13,200 crore cement business deal with UltraTech Cement BSE -1.16 %, Oil India-led consortium’s deal to acquire up to 23.9 per cent shares in Russian Vankorneft, Tata Power BSE -0.67 % Renewable Energy’s acquisition of Welspun’s energy assets topped the list of big deals during the year.
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Calendar 2016 is turning out to be a big year for merger and acquisition (M&A) activity in India Inc, with the first half of the calendar alone witnessing about $27 billion worth of such deals, up 81.7 per cent over the volume during the same period last year.
The total worth of M&A announcements in 2016, including cross-border deals, stood at $26.8 billion, which was highest since 2011 when deals worth $27.3 billion were clinched, data from Thompson Reuters showed.
The average M&A deal size (for companies disclosing values) reached $98.6 million during the first half against $60 million in the same period last year, the data revealed.
M&A deals among the domestic companies totalled $16.3 billion in the first half of CY16, up 250 per cent YoY, to hit the highest level since 2006.
Jaiprakash Associates’ Rs 13,200 crore cement business deal with UltraTech Cement BSE -1.16 %, Oil India-led consortium’s deal to acquire up to 23.9 per cent shares in Russian Vankorneft, Tata Power BSE -0.67 % Renewable Energy’s acquisition of Welspun’s energy assets topped the list of big deals during the year.
For more information and best STOCK TIPS Call us ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH
Connect with our social media sites
Posted in: Indian Market Tips
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