“The primary M&A transaction happened in the energy and natural resources sector plus the media and entertainment, he said, adding that Reliance’s investment in Hathway and Den were the two large transactions in the media and entertainment sector.

Sequeira Energies acquisition was a large enough transaction in the energy and natural resources sector.

Similarly, on the PE/VC side, the larger transactions have been the investments into OYO Rooms where it has gained a unicorn status."

Pankaj Chopda
Director, Grant Thornton India LLP

This article appeared in CNBC TV18 on 13th November, 2018.