2007 will go down in history as the year of Mergers & Acquisitions in India. However, 2008 has not kept pace with the momentum gained last year.
This year has not been good for India overall, Stock Market today has come down to nearly 12,500 points - a 15 month low -, investors have lost thousands of crores of rupees, the rupee has lost the fight handsomely against the dollar - last 6 months have seen rupee plummet from high of nearly 38.5 to a low of 42.75 against the dollar, real estate which grew at astonishing pace last year has seen tremendous slowdown. Inflation, which was hovering at less than 4% last year has nearly tripled to 11.5%.
The total number of Merger & Acquisition deals too have seen huge negative growth. During the first six months of 2008 total M&A deals stand at 265 with value at $18.54 billion as against 335 deals amounting to $ 43.97 billion in the corresponding period in 2007.Read More »