The merger and acquisition activity in India remained subdued in the first half of 2013,largely because of the pressures that continue to hinder overall global M&A space,says a KPMG report.
Although there have been suggestions that market confidence and optimism are returning to the deals market,the latest figures do not bear this out,said KPMG Internationals latest High Growth Markets acquisition tracker.
India saw 18 deals,wherein companies from high growth market acquired targets in developed markets that got completed in the first half of 2013,in comparison to 33 deals in second half of 2012. On the other hand,there were 45 deals in which developed market companies acquired targets in high growth markets one more than the second half of 2012.
Meanwhile,the volume of deals involving both high growth market acquirers and high growth market targets also saw a significant decline.