Mumbai: Cross-border merger and acquisition (M&A) deals' value touched USD 29 billion in the first 10 months of 2011 despite slowdown in global economy.
Indian corporate are showing an increasing appetite for cross-border M&A deals. In the first 10 months of 2011, M&A cross-border deals stood at USD 29 billion of which in-bound stood at USD 19.3 billion, SBICaps and M&A International Inc said.
The total number of M&A deals in the first 10 months of 2011 stood at 523 against 662 in the whole of 2010, it said.
India Inc's appetite for M&As in 2010 had more than quadrupled over 2009, clocking USD 49.8 billion, it said.
Geographies such Europe, especially the UK and west Europe attracted the interest of Indian investors, it said, adding other geographies of interest were the US, south-east Asia (China, Korea and Taiwan), the Middle-East and to some extent, Latin America.
India is on top-of-the-mind recall as far as overseas investors are concerned following big deals consummated such as the Tata-JLR deal, it added.
First Published: Tuesday, December 6, 2011, 21:25