India's Mergers & Acquisitions Surge By 12.13 Pct in First Half Of 2013

Bangalore: The First Half 2013 review by Thompson Reuters revealed that India’s overall merger and acquisition activities surged by 12.13 percent compared to first half of 2012. In the second quarter of 2013 the value of the M&A of Indian companies summed up to $15.3 billion, a 214.3 percent more compared to the first quarter of the current year driven by a $5.4-billion outstanding acquisition of Hindustan Unilever by Unilever PC of UK. The operations with disclosed values involving India of the average merger and acquisition deal size mounted up to $82.8 million so far this year.

However, on the other hand domestic M&A operations stood at $2.3 billion, i.e. 68.3 percent down as compared to the same time previous year, this is also the lowest first half level since 2004 ($1.2 billion). A large group of the domestic activities focused on the Financials sector with $657.3 million, 69.4 percent down compared to same period of last year.

Embrace Chaos to Succeed In the Indian Subcontinent: Ravi Venkatesan
Ratan Tata: Key Strategist for Airasia's India Operations