1. EY: Power sector M&A deal value triples in Jan-May to $1.6 billion

EY: Power sector M&A deal value triples in Jan-May to $1.6 billion

The Indian power sector saw nearly three-fold jump in the value of merger and acquisition activity for January-May period compared to the same period last year.

By: | New Delhi | Published: June 28, 2016 6:15 AM

The Indian power sector saw nearly three-fold jump in the value of merger and acquisition activity for January-May period compared to the same period last year. The deal volume and disclosed deal value in the sector stood at 17 deals and $1.6 billion, respectively in the five months compared to 15 deals and $601 million in the corresponding period last year, according to an analysis by EY, a professional services organisation.

The high valued deals were largely confined to the thermal segment of the power sector with five transactions accounting for a disclosed deal value of $1.4 billion as compared to three deals in the same period last year.

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