India’s Logged a Record $98 Billion in Deals This Year

  • Telecom, IT and media to drive transactions, Morparia says
  •  U.S. lender tops M&A ranking in India for 1st time in a decade

Indian companies have been involved in deals worth a record $97.6 billion this year. Top banker JPMorgan Chase & Co. is predicting more offshore interest in the nation, particularly in technology, media and telecom.

Walmart Inc.’s $16 billion acquisition of a majority stake in Indian e-commerce company Flipkart Online Services Pvt. Ltd. — a deal JPMorgan advised — has been the biggest so far, pushing the total past a previous annual peak of $92.3 billion, according to data compiled by Bloomberg. India’s bankruptcy process has also spurred activity with more than $26 billion in distressed steel assets coming on the block, while a price war in telecom forced consolidation

India’s Logged a Record $98 Billion in Deals This Year

Categories : Finance

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