Merger and Acquisition (M&A) activity in India saw a 19 per cent growth in terms of deals during the second quarter of 2018. The number of deals during the second quarter of 2018 calendar year stood at 273. In value terms, the deals stood at $34.8 billion, the highest quarterly deal value and 6.8 times higher than the $5.1 billion during the same quarter a year earlier. The jump in overall value was fuelled mainly by six big-ticket deals of more than $1 billion each. The biggest deal during the second quarter of 2018 - Walmart's $16-billion acquisition of Flipkart - accounted for 46 per cent of the total disclosed deal value, according to EY India.
From a sectoral perspective, financial services with 39 deals worth $1.1 billion recorded the highest number of deals, while the consumer products and retail (30 deals; $16.5 billion) dominated in terms of deal value. Telecom (2 deals; $5.4 billion), diversified industrial products (23 deals; $2.9 billion) and metals and mining (6 deals; $960 million) were also in the limelight as they clocked substantially high deal value as well.
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