Indian companies logged a record US$ 98 billion in M&A deals this year

New Delhi: India has witnessed M&A activity reach record US$ 97.6 billion in 2018 (up to July), already surpassing the 2017 tally of US$ 92.3 billion, as per data from Bloomberg. There will be more offshore interest in the Indian sectors like technology, media and telecom in near future, according to JPMorgan Chase & Co. The improved bankruptcy process has also pushed the activity in distressed assets with over US$ 26 billion of steel assets available. Overall, large foreign investors like Walmart, Schneider Electric SE and GlaxoSmithKline are tapping into the Indian market with multi-billion dollar bets with consumption and infrastructure expected to improve multi-fold as the middle class rises in India.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.