“Although we entered into 2019 with substantially less momentum with 110 M&A deals worth $12.5 billion, compared with 118 deals worth $18.7 billion in Q1 2018, some big deals announced this year, including Arcelor Mittal’s acquisition of Essar Steel for $7.2 billion, Radiant Life Care’s merger with Max healthcare for $1 billion has provided some encouragement, that the outlook for M&A will be healthy despite a drop,”

Pankaj Chopda
Director, Grant Thornton India LLP

This article appeared in The Hindu Business Line on 17th April, 2019.