"The shortening of the run-up period to the national elections will only deepen the wait and watch approach in the deal environment in the short term and much is expected post the results of the general elections.

Regarding last month, he noted that M&A transactions were dominated by cross-border transactions as against a mix of cross-border and merger transactions in the same period a year ago.

The month of February recorded the highest volumes in seven months, demonstrating the strong urge to expand outside local territory surpassing global headwinds,"

Pankaj Chopda
Director, Grant Thornton India LLP

This article appeared in Business Standards on 25th March, 2019.