Singapore snaps up 17 merger and acquisition deals in India

As many as 17 merger and acquisition (M&A) deals with a combined investment of $940 million have been made by Singapore companies with the Indian enterprises in the first half of this year, a global valuation services firm has said. “Almost all of them were transactions where the acquirer is from Singapore and the target from India,” said Duff & Phelps Managing Director Srividya

Gopalakrishnan.The 17 deals saw a combined investment of $940 million. The big deals included Government Investment Corporation’s (GIC) acquisition of stakes in Viviana Mall, Greenko Energy and Bandhan Bank; as well as Singapore Technologies Telemedia’s acquisition of controlling stake in Tata Communications Data Centre business.