June 11 - The Economic Times - For the first-time ever, total equity deals struck by India Inc in a year has crossed the $50-billion mark. A total of $46.8 billion worth of strategic mergers & acquisitions (M&As) and $5.1 billion worth of private equity (PE) deals were announced in the country during January-May 2007. Compare this with M&As worth $10.8 billion and $3.5 billion of PE deals struck during January-June 2006.
As per the latest dealtracker of advisory firm Grant Thornton, 287 strategic M&A deals worth $46.8 billion were struck in the first five months of this year. Read More.
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