Deal tracker for January 2021 from Grant Thornton throws up some interesting data on transactions. Last month, there were 119 transactions aggregating to USD 4.3 billion.

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Number of transactions are up 9 percent on year-on-year (YoY) basis; down 6 percent on a month-on-month (MoM) basis and value of deals are down 27 percent on a YoY basis; 13 percent lower on MoM basis. Prashant Mehra, Partner at Grant Thornton Bharat, discussed this.

“Though the January deal data has been slightly subdued, that was more around the anxiety and around the Union Budget 2021. Budget has been supportive around the government’s continued commitment to invest in core sector such as infrastructure as well as BFSI,” he said.

He believes post the budget the deal traction has increased. “There is a lot of activity going around in the domestic M&A and private equity sector needless to mention that inbound continues to be very attractive,” he said.

According to him, a lot of activity is happening in core sectors. “I am very optimistic about next quarter or so,” he said.

“The world has seen that we are very one of the emerging economies which has not just revived but also shows a very promising factor. The domestic consumption is something which can clearly take our economy out of the recession and into growth scenario,” he said.

In terms of technology companies, he said, “There has been a lot of traction in this sector in the last few years and we would see increased traction because I think the age is of innovative solutions, any disruptive technology or platform which would come to the market, the private equities would just go after that and the country is just waiting for that to happen.”

For entire conversation, watch the video...

(Edited by : Bivekananda Biswas)

First Published:Feb 17, 2021 5:21 PM IST