June 12 - Forbes - 2007 isn't even half done, but it’s already been a record year for mergers and acquisitions in India. There has been over $50 billion worth of equity deals from January through May, according to data from Grant Thornton.
Indian businesses reported 287 strategic mergers and acquisitions worth $46.8 billion and 165 private equity deals worth $5.1 billion, the accounting and advisory company said.
Those numbers are a vast leap over 2006, in which the total value of all deals was $28.2 billion, which itself was 54% higher than 2005. Tech businesses captured the largest proportion of deal value last year at 14%. This year, some of the largest investments have been in telecommunications and steel. Read More.
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