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The value of India targeted mergers and acquisitions (M&A) rose 46.8 per cent to $17.1 billion in the first half of 2014 from $11.6 billion posted during the same period a year ago.
About 78 per cent of the value came in during the second quarter alone. About 63 deals took place in Q2 valued at $13.4 billion following two deals above $3 billion, according to a study by Mergermarket, an intelligence service on M&A.
This resulted in a jump of over 3.5 times compared with first quarter’s $3.7 billion worth of deals.
All of the top five deals during the first six months of the year were announced during the second quarter, making it the most active quarter by value since the second quarter of 2012.
“Two of the largest deals come from the UK-based bidders (Diageo and Vodafone Group) which resulted in an impressive Q2 for inbound activity valued at $6.3 billion, a quantum leap over $2.2 billion posted during the first quarter.
However, inbound values were still down 11.1 per cent during the first half of 2014 at $8.5 billion, compared with $9.5 billion during the same period a year ago.
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