M038;A activity dips 31 pct in Sept quarter

The majority of the deals,82 per cent,were in the sub-USD 50 million category due to which the total deal size has not increased even after the number of deals going up,the report said.

In what is representative of the interests of the world in India especially the domestic demand-driven economy aspect,a whopping 75 per cent of the transacted value,or USD 10.1 billion,in Q2 was inbound.

8220;India8217;s relative resilience to the global economic downturn,coupled with the country8217;s expected growth potential,makes it a very attractive target destination,8221; the report said.

In the corresponding period last year when the world was coming out of the slowdown,India had witnessed 251 deals worth USD 4.9 billion getting completed.

On a sectoral basis,oil and gas leads the charge courtesy UK-based Vedanta Resources8217; acquisition of a controlling stake in Cairn Energy for USD 8.5 billion. Other high value transactions completed during the period include Japan-based JFE Steel picking up 14.99 per cent stake in JSW Steel for around USD one billion.