8216;India-targeted M038;A deals worth 39 bn8217;

The value of India-focused Mamp;A deals touched 39 bn in the first 9 months,says Dealogic.

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The value of India-focused merger and acquisition Mamp;A deals touched USD 39 billion in the first nine months of this year,a significant 31 per cent decline vis-a-vis the corresponding period last year,global deal tracking firm Dealogic says.

According to Dealogic,8221;India-targeted volumes value totalled USD 39 billion in the first nine months of 2011,down 31 per cent from USD 56.1 billion on the same period of 2010.8221;

As per Dealogic,despite ranking among the Top 3 locations for Mamp;A deals in the January-September,2011,period,India was also the country that witnessed the maximum decline in the combined value of Mamp;A deals.

The combined value of Mamp;A deals in the third quarter was just USD 4.7 billion,the lowest since the second quarter of 2005,when the deal value stood at USD 4.1 billion.

Meanwhile,despite a 12 per cent dip in the third quarter,the Asia-Pacific excluding Japan region witnessed Mamp;A deals with the highest combined value for a nine-month period on record,at USD 406.1 billion in 2011,up 13 per cent in comparison to the year-ago period.

India was the third-most targeted nation in the Asia-Pacific region,accounting for Mamp;A deals worth USD 39 billion,behind China USD 134.7 billion and Australia USD 104.9 billion,Dealogic said.

In the Asia-Pacific region,the nations that witnessed a slump in deal activity in the nine-month period include India down 31 per cent,Malaysia 15 per cent and Singapore 4 per cent.

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A sector-wise analysis of the Asia-Pacific shows that real estate witnessed the biggest Mamp;A deals in terms of their combined value during the period 8212; at USD 48.9 billion 8211;followed by mining USD 48.3 billion and finance USD 42.5 billion,the report said.

8220;The USD 12.4 billion bid for Foster8217;s Group by SABMiller was the largest deal in the Asia-Pacific excluding Japan in the first nine months of 2011 and is the only over USD 10 billion food amp; beverage deal on record in the region,8221; Dealogic added.

Meanwhile,the value of Mamp;A deals worldwide totalled USD 2.15 trillion during the first nine months of 2011,a 7 per cent rise vis-a-vis the year-ago period.

The value of global Mamp;A deals in the January-September period witnessed an increase despite the fact that their combined worth in the third quarter was just USD 599 billion,down 23 per cent compared to USD 783 billion in the third quarter of 2010.

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The value of global Mamp;A deals in the third quarter is the lowest since the second quarter of 2010,when it stood at USD 592.9 billion,Dealogic said.