Dealmaking activity severely hit in Sept qtr; down 66% by value: Report ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 27
Corporate deals, including mergers and acquisitions and venture funding, were down 66 per cent by value to USD 10.22 billion in the September quarter, a report said on Tuesday. By volumes, the deals were down by 25 per cent to 450 transactions during the quarter, as against 600 in the year-ago period and 317 in 2020, the report by Grant Thornton Bharat, a consultancy firm, said. Its partner Shanthi Vijetha said deal activity was impacted by the pandemic and the Russia-Ukraine conflict, and hoped for an upswing in activity in the time ahead. "A shift in policy focus towards infrastructure, manufacturing, land, labour reforms, financial services sector could cumulatively contribute to an upswi

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