The surge in deal value is largely due to the $12.9 bn Essar-Rosneft deal Merger and acquisition (M&A) activity scaled a six-year high in 2016, with deal value at a record high of $56.2 billion, up 87 per cent over a year before.The volume declined marginally by two per cent. The year also saw the largest ever inbound investment, of $12.9 bn. Consultancy EY’s analysis shows a total of 867 deals with a total disclosed value of $56.2 bn were announced. The surge in value was due to 12 ... Rediff.com, 3 days ago
M&A deals worth $56.2 bn in 2016, says EY report - Business Standard, 4 days ago
M&A activity scales 6-yr high in 2016 with big-ticket deals:EY - Business Standard, 4 days ago
While defending the Narendra Modi governments demonetisation policy, finance minister Arun Jaitley criticised the 750-word speech of former PM Manmohan Singh in Parliament. He said it lacked substance and that the 2G and coal scamsters had forfeited their ...catchnews.com, 2 months ago
Posted by Equitymaster Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.19%, while the Hang Seng is down 0.15%. The Shanghai Composite is trading down by 0.45%. Stock markets in the US ended their previous session ...Equitymaster.com, 2 weeks ago
Indian companies have made acquisitions of $1 billion so far in January Outbound acquisitions by Indian companies have seen a surge in the first month of 2017 after a lull for the past three years. There were only $5.3-billion worth outbound deals, against $30.8-billion inbound last year. In the previous two years, the numbers were worse. Outbound deals stood at $5 billion in 2015 and $1.7 billion in 2104. So, when auto ancillary giant Motherson Sumi acquired Finland’s PKC Group for $604 ...Rediff.com, 3 weeks ago
The taboo in selling assets has departed from the Indian promoter’s psyche, which is resulting in a large number of billion-dollar deals. In October, when the Essar group sold its 98 per cent stake in Essar Oil to a Rosneft-led consortium for about $13 billion, it changed the face of mergers and acquisitions in the country. The Ruias celebrated the deal with full-page advertisements in financial newspapers. Harsh Goenka, chairman of the RPG group summed it up thus: “Earlier, ...Rediff.com, 1 month ago
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