Corporate India's deal tally including M&As as well as private equity amounted to about USD 6.2 billion in September, a jump of over 29 per cent over last year, says a report.
According to Grant Thornton India LLP, there were 114 transactions worth USD 6,192 million, while in the same month last year 151 transactions worth USD 4,780 million.
In the mergers and acquisition (M&A) space, there was a significant uptrend in terms of deal value, while PE space saw muted activity.
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In the PE and VC space, Banking & Financial Services cornered the maximum deal value with USD 192 million, followed by start-up sector at USD 163 million, and e-commerce USD 93 million.
In the merger and acquisition space, the telecom sector topped the deal tally chart with just a single deal worth USD 3,582 million, followed by Energy & Natural Resources with USD 930 million.
"January-September witnessed over 1,100 transactions grossing around USD 36.4 billion, which reflects 10 per cent growth in value over the corresponding period last year," Prashant Mehra, Partner, Grant Thornton India LLP said.
Regarding deal outlook, Mehra said that there is optimism about India's economy. Amidst slowing global growth, India remains a bright spot among emerging economies.
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