The year 2017 was a blockbuster year for merger and acquisition (M&A) activity in India with deal values increasing by 53.3% to $77.6 billion, compared with $50.6 billion in 2016. Deal volumes rose by 2.5% to 614 deals in 2017 compared with 599 deals the previous year. Of the 614 deals, 325 were completed, accounting for $24.88 billion, Bloomberg data showed.
In terms of target industry, the communications sector witnessed 42.7% of deal activity, worth $33.17 billion across 65 deals, followed by the energy sector with a 21.34% share and $16.57 billion in deal value. The industrial sector accounted for 10% of deal activity worth $7.8 billion and the financial services sector for 9.5%, clocking $7.36 billion in deal value.
In 2017, the top five M&A deals accounted for 57% share, registering $44.3 billion in value. In terms of deal type, cross-border transactions accounted for nearly 58%, with a combined value of $45 billion across 235 deals.
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