India fifth most targeted nation in Asia

By Sources   |   Tuesday, 20 December 2005, 08:00 Hrs
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NEW DELHI: India is the seventh most active acquirer in Asia in 2005 and fifth most targeted nation and has witnessed a 52 percent rise in the number of merger and acquisition deals over 2004, financial analyst KPMG said.

In its latest analysis, KPMG said "India's contribution to the global M&A activity was about one percent by deal value - 394 deals valued at $10 billion - witnessing a 52 percent rise in the number of deals over the last year."

It said M&A activity in India contributed immensely to the M&A upturn in Asia-Pacific region and the growth rate of deal value was as high as 75 percent, slightly less than the Japanese growth rate of 83 percent.

KPMG Country Managing Director Ian Gomes said in a statement, "What is particularly pleasing is the equally strong upturn in deal numbers which provides the bedrock for a vibrant M&A market place."

Indian M&A witnessed volatile movement between 2000 and 2004. KPMG said M&A had reached high of 440 deals valued at $9.75 billion in 2000 and fell to a low of 259 deals worth $5,722 million.

It also said, the Indian utility and energy sector, ranked one by deal value, saw 11 deals worth of $2.23 billion.

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