M&A interest may grow as buyers get more confident: Barclays India MD

M&A interest may grow as buyers get more confident: Barclays India MD

Pramod Kumar, Barclays India managing director and co-head of banking. (Livemint)

Merger and acquisition (M&A) activity in India rose to a record $69.75 billion across 1,195 transactions in 2016, fuelled by a wave of consolidation across sectors. Consolidation as a driver for M&A activity is expected to continue in the near- to mid-term as available dry powder, both foreign and domestic, steadily accumulates. Barclays Capital was at the forefront of some of the largest deals in India last year.

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