Merger and Acquisition (M&A) transactions in October saw a decline of $1.1 billion due to dip in large value transactions, said Pankaj Chopda, director of Grant Thornton India LLP.

October reported transactions worth of $5.5 billion which icluded $2.7 billion worth of M&A transactions and $2.8 billion worth of private equity/venture capital (PE/VC) transactions, Chopda said.

“The primary M&A transaction happened in the energy and natural resources sector plus the media and entertainment, he said, adding that Reliance’s investment in Hathway and Den were the two large transactions in the media and entertainment sector.

Sequeira Energies acquisition was a large enough transaction in the energy and natural resources sector, Chopda said.

Similarly, on the PE/VC side, the larger transactions have been the investments into OYO Rooms where it has gained a unicorn status, he added.