Corporate India announced deals worth USD 74.8 billion in the January-June period, registering a 90 per cent jump over last year, largely driven by big ticket consolidations, says a report. According to Grant Thornton's Dealtracker report, the year so far has witnessed deals (both merger and acquisition and private equity) worth USD 74.8 billion through 638 deals as against USD 39.3 billion by way of 610 transactions in January-June 2017. "The various reforms of the government, such as Goods and Service Tax (GST), Real Estate Regulatory Authority (RERA), Housing for All and Insolvency and Bankruptcy Code (IBC), had a visible positive effect in the first half of 2018. However, it would take some time to realise the full benefits of these reforms," said Prashant Mehra, Partner, Grant Thornton India LLP. Key growth drivers for the deal activity continue to be big ticket consolidation both domestic and inbound supported by high-value private equity investments. India Inc's M&A value ..
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Tuesday, July 17, 2018
Tuesday, July 17, 2018
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