Latest News | Deal Activity Dips 3 Pc to USD 5 Bn in May
Get latest articles and stories on Latest News at LatestLY. The overall deal activity declined by 3 per cent to USD 5.023 billion in May compared to USD 5.192 billion in the preceding month of April, a report said on Thursday.
Mumbai, Jun 6 (PTI) The overall deal activity declined by 3 per cent to USD 5.023 billion in May compared to USD 5.192 billion in the preceding month of April, a report said on Thursday.
The merger and acquisitions plummeted 58 per cent to USD 1.05 billion during the month compared to USD 2.526 billion in April, while a 49 per cent increase in the private equity deal values to USD 3.973 billion from April USD 2.666 billion helped the overall number.
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From a volume perspective, the overall number declined 22 per cent to 137, the report by the consultancy firm Grant Thornton Bharat said.
"The election process could have delayed the deal-making scenario. The election results and the ensuing new government's strategic direction will be crucial in shaping the investment climate and determining future deal activity," its partner Shanthi Vijetha said.
The largest merger and acquisition deal in May was the USD 350 million investment by Google for a minority stake in Flipkart Online Services, followed by Manipal Health Enterprises' majority acquisition of Medica Synergie for USD 169 million, the firm said.
On the private equity side, Brookfield India Real Estate Trust's USD 723 million investment for a 50 per cent stake in four assets of Bharti Enterprises was the biggest deal, it added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)