In my last post,i had discussed the growing acquistions in the M&A Space in the Indian Contigent,read it here.
A recent report by Grant Thornton in Moneycontrol just proved the icing on the cake by coming out with the big numbers from the Indian M&A Scene.
The global economic crisis notwithstanding, the indian contigent is out there digging oppurtunity out of tragedy.It is worthy to note that the USD 2.13 billion spent for these 26 deals is a dirt cheap price if compared to the true values.
One of the deals to stand out was Telenor’s USD 1.36 billion majority stake buy in Unitech Wireless.Now,if you have been reading my blog,it is no secret that i swear by UNITECH as a brand.With this kind of liquidity available with them,good times won’t be too far from Unitech.
The report for others is pretty exhaustive,and you can read it by clicking the Post-Title.