Air India sale, Tatas’ EV arm keep deal street busy with $9.2 bn fund flows
The Air India sale to the Tatas has helped the deal street sizzle in October which in total saw 221 deals worth USD 9.2 billion — 24 per cent more than the money changed hands in the same month in 2020, according to an industry report.
According to Grant Thornton dealtracker report on Monday, October was encouraging, both in terms of deal volume and deal value, indicating the continuum in deal activities. While volume jumped two times over October 2020, in value terms it grew 24 per cent.
In October, 61 mergers and acquisitions worth USD 3.3 billion were announced of which as much as USD 2.4 billion were the Tatas paying the government for the national carrier Air India, and 160 private equity deals worth USD 5.9 billion,
