Overall M038;A activity down 11.5 in 2013

In Q4 of 2013,overall Indian Mamp;A totaled 7.1 billion,a 28.5 per cent sequential increase from the third quarter .

The value of announced mergers and acquisitions Mamp;A deals involving Indian companies reached 31.5 billion in 2013,registering an 11.5 per cent decline from last years activity,and the lowest annual period since 2009 21.5 billion,says a study. Deal count also slowed down as number of Mamp;A transactions dropped 12.6 per cent to 967 from 1,107 announced deals in 2012.

In Q4 of 2013,overall Indian Mamp;A totaled 7.1 billion,a 28.5 per cent sequential increase from the third quarter of 2013 but,on the other hand,saw a 29.8 per cent drop from the fourth quarter of 2012. The average Mamp;A deal size for transactions with disclosed values involving India climbed up to 76.1 million so far this year,as more deals were announced above 1-billion in value,compared to 73.5 million in 2012,according to estimates from Thomson Reuters/Freeman Consulting Co.

Domestic Mamp;A stood at 5.2 billion,down 68.9 per cent compared to last year,and the lowest annual period since 2004 2.0 billion. The bulk of domestic activity focused on the materials sector with 1.5 billion,down 75.4 per cent from last year,but nonetheless captured 29.4 per cent of Indias domestic Mamp;A activity this year,it said.

Total cross-board Mamp;A grew 56.8 per cent to 24.7 billion compared to the annual Mamp;A activity in 2012 driven by the 43.5 per cent and 83.1 per cent increase in Indias inbound and outbound Mamp;A activity,respectively. Completed Mamp;A deals involving Indian companies totalled 29.0 billion,a 49.5 per cent growth from last years 19.4 billion volume, it said.

The study said the energy and power sector accounted for majority of the acquisitions involving Indian companies with 21.1 per cent market share worth 6.7 billion,a 173.3 per cent increase from last year.

Healthcare followed next and captured 15.8 per cent of the market share with 5.0 billion worth of deals,up 24.5 per cent from the previous year,said the study by Thomson Reuters.

The industrials 14.9 per cent and telecommunications 13.9 per cent captured an aggregate market share of 28.8 per cent as both sectors witnessed a significant rise in deal value with a triple digit percentage increase of 164.7 per cent and 347.3 per cent,respectively,from 2012,it said.

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Private equity-backed Mamp;A in India was down 46 per cent to 2.6 billion,which is also lowest since 2009. Healthcare sector accounted for 25.7 per cent of the private equity-backed Mamp;A activity in India with 661.3 million,despite the 1.1 per cent drop in deal value from last year.