M&A deals at $23.8 billion for January-September this year is the lowest in the last four years. The previous lowest figure for the same period was $14.9 billion in 2009.
However, according to the report, total cross-border M&As grew 36.7 per cent to $19.3 billion, driven by a 178.5 per cent spike in outbound M&As, while inbound deals slipped 2.3 per cent to $10.8 billion from the first nine months of 2012, according to the report.
There was a drop in inbound M&As as well, with the deal size slipping to $10.8 billion, the lowest first nine months period since 2009 when it stood at $4.4 billion, the report said, adding that the outbound agreements jumped 178.5 per cent to $8.5 billion.
During the third quarter o f calendar year 2013, overall M&As involving domestic companies totalled $5.4 billion, a whopping 60.1 per cent sequential decline from the second quarter of 2013 and a 29.5 per cent drop from the year ago period, it said.
Average deal size climbed to $72.8 million during the period under review, compared to $68.8 million during the first nine months of 2012.
Domestic M&As stood at $3.6 billion, down 65.4 per cent compared to the same period last year, the lowest first nine month-level since 2004 ($1.5 billion).
The bulk of domestic activity focused on the materials sector at $1.5 billion, down 29.4 per cent from the same period last year, but captured 41.2 per cent of domestic M&As.
Completed M&As involving domestic companies totaled $21.8 billion, a 58.1 per cent growth from the first nine months of last year.
Energy and power sector deals lead with 25.5 per cent market share worth $6.1 billion, a 246.7 per cent increase from the same period l ast year.
The second slot was cornered by industrials (18 per cent), followed by consumer staples (16.1 per cent), together capturing a market share of 34.1 per cent, registering and increase of 203.8 per cent and 221.3 per cent, respectively.
via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGsGRMOa4fU6BlBMp0lgjfvYdsYwQ&url=http://profit.ndtv.com/news/corporates/article-indian-m-a-value-down-6-8-per-cent-to-23-8-billion-so-far-this-year-report-328112
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