Mergers and Acquisitions

M&A deal activity records 87 per cent plunge in value in May, says report

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“M&A transactions witnessed low traction across domestic consolidations and cross-border acquisitions compared to May 2018 that saw notable deals like Walmart-Flipkart, and Tata-Bhushan Steel, among others,” said Pankaj Chopda, director, Grant Thornton India LLP. Absence of big-ticket marque deals and delays in absence of regulatory approvals impacted the overall M&A transaction value, he added.

This article appeared in Financial Express on 21th June, 2019.