Though the total value of merger and acquisition deals in the third quarter this year dropped by 56.25 per cent, there was an increase in the number of transactions, according to the latest issue of Grant Thornton's Dealtracker report.
Commenting on the findings, Grant Thornton India Partner and Practice Leader, Valuations, Srividya C G said: "There has been a trend reversal, with a higher proportion coming from outbound deals, unlike the first half of the year."
During the third quarter of this calendar year, there was a significant increase in cross-border transactions, wherein 63 such deals worth $4.88 billion were announced, accounting for over 80 per cent of the total value of M&A deals.
Meanwhile, there were 86 domestic deals worth $1.03 billion during the quarter.
The trend was exactly opposite last year, wherein domestic deals worth $11.69 billion were announced and cross-border deals were valued at just $1.82
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