There was a tremendous increase in the activities related to deals between companies in the country in the March quarter. The $8.5 billion merger deal between Reliance and Disney has taken total M&A activity to a two-year high in the March quarter. This information was given in a report on Tuesday. Total transactions, including mergers and acquisitions deals, increased marginally to 427 in the January-March quarter, compared to 422 deals in the October-December quarter, advisory firm Grant Thornton India said in the report.
Total deals value reached $20.41 billion
According to the news, however, the value of total deals made in the last quarter increased by 43 percent to $20.41 billion. This is the best performance of transaction deals since the April-June, 2022 quarter. The report said that the most important deal of the quarter was the merger of Reliance’s media company Viacom18 with Star India. This created enterprise value of $8.5 billion.
The number of deals worth more than $100 million declined 36 percent to 18 in the March quarter, while the number of deals worth billions of dollars increased compared to the December quarter.
Total deals include 120 merger and acquisition transactions.
According to the report, three deals worth $12 billion were signed in the last quarter, which is about 59 percent of the value of the total deals made in this quarter. The total deals included 120 M&A transactions while the remaining deals were private equity (PE) transactions. PE activity grew in the quarter with 307 deals worth $8.1 billion, up 51 per cent in value and 10 per cent in volume compared to the previous quarter.
This month, the retail sector remained at the forefront in terms of volume. After that came IT and banking. On the other hand, media and entertainment, telecommunication and retail sectors remained ahead in terms of value.
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