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India M & A slows down on eco woes


India-focused merger and acquisition deals witnessed a moderation in May due to global economic situation and concerns over government policies along with depreciation of the Indian rupee.
According to global consultancy firm Grant Thornton, total M&A and PE deals in the month of May 2012 were valued at USD 3.90 billion by way of 68 transactions, a 28.57 per cent decline from USD 5.46 billion (through 100 deals) in the corresponding month of 2011.
"Overall, we are witnessing moderation in the deal momentum driven by the global economic concerns (mainly around Europe) coupled with Indian economic concerns on Government policies and regulations along with the depreciation of the Indian rupee," Grant Thornton India LLP Partner, Transaction Advisory Services Raja Lahiri said.

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