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Mergers and acquisitions (M&As) in India have moved into the slow lane, dropping 43 per cent in terms of deal value to touch $13.37 billion since January this year to date, compared to the same period in the last year.
According to data sourced from Bloomberg, Indian companies reported deal value worth $23.5 billion between January and March 22, 2023.
Data Infrastructure Trust s acquisition of American Tower Corporation s India telecom towers business for $2.5 billion was the top deal for the ongoing quarter so far, followed by the Highway Infrastructure Trust s acquisition of PNC Infratech s road projects for $1.08 billion. ....
Jio Financial Services reported a 56% sequential fall in consolidated net profit for the quarter ended December to Rs 294 crore. Consolidated revenue from operations fell nearly 32% from the previous quarter to Rs 414 crore. ....
PNC Infratech and PNC Infra Holdings, a wholly owned subsidiary of PNC Infratech had executed definitive agreements to sell equity stake in 12 road assets to Highways Infrastructure Trust for an enterprise value of Rs 9,005.7 crore. The road assets are in Uttar Pradesh, Madhya Pradesh, Karnataka and Rajasthan. ....
Major boost to roadways! Highway Infrastructure Trust expands reach with Rs 9,005.7 crore acquisition of 12 road projects financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.