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INDIA'S OUTBOUND M&A DEALS HIT US$20 BLN MILESTONE.
NEW DELHI, Dec 1 Asia Pulse - Corporate India has put together a whopping US$20 billion (Rs 900 billion) so far this year to fund its merger and acquisition bills abroad, surpassing all previous full year totals.
Indian companies have announced as many as 147 deals since the beginning of this year, which is almost three times the total outbound M&A deals in entire 2005.
The total number of deals would cost India Inc over US$20 billion for the first time in history in a year, according to data provided by global financial information provider Dealogic.
In comparison, the total cross-border deals last year accounted for less than US$5 billion, with 45 M&A deals.
The UK is the most targeted nation with US$11 billion through 21 outbound M&A deals, ...
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Source: HighBeam Research, INDIA'S OUTBOUND M&A DEALS HIT US$20 BLN MILESTONE.