India Inc made 72 acquisitions abroad worth $11 billion in 2012
Posted on: 02:27 AM IST Mar 21, 2013
New Delhi: Indian companies are engaging in ambitious outbound merger and acquisition (M&A) deals and have made 72 acquisitions abroad worth $ 11 billion in 2012, a trend which is likely to gather pace in the years to come.
According to global advisory firm Kroll Advisory Solutions and mergermarket, an independent M&A intelligence service provider, corporate India announced 72 acquisitions abroad worth $ 11 billion, a significant improvement over 2011, when the deal value stood at $ 6.7 billion.
"Outbound deals are likely to see an uptrend going forward as Indian companies have strong balance sheets, they understand international markets, and are thus engaging in ambitious outbound M&As," said Reshmi Khurana, associate managing director at Kroll Advisory Solutions.