New Delhi: The total volume of merger and acquisition (M&A) deals with focus on India has almost halved so far this year to $2.7 billion (Rs13,470 crore) against $5.3 billion last year, according to global deal tracking firm Dealogic.
“India targeted M&A volume totals to $2.7 billion so far this year, down 49% from $5.3 billion a year ago,” it said.
Meanwhile, India’s share in the Asia-Pacific M&A space has also declined by 2 percentage points to 5% so far this year, down from 7% in 2008 in the period under review.
Dealogic said there was a significant fall in cross-border M&A inflow and out flow.
Cross-border M&A inflow has dropped 73% to $654 million in 2009 year to date from $2.4 billion in 2008 year to date and represents 24% of total India targeted M&A activity for 2009 year to date. Meanwhile, cross-border M&A outflow totalled $23 million, down 99% from $1.8 billion in 2008 year to date.