India's share in M&A deals in Asia spurts to 15%

India's share in the total merger and acquisition deals in Asia has gone up from 6 per cent in 2005 to 15 per cent in 2006, SBI Capital Markets said on Wednesday.

The leading investment bank, in a presentation made to the media, said Australia has the biggest share of M&A activity in Asia region and accounts for 28 per cent of the total deals. While India is the second largest contributor to the M&A deals with 15 per cent.

SBI Capital Markets Managing Director and Chief Executive Officer R Sridharan said, "Indian M&A market is poised for buoyant growth on the back of better regulatory environment, robust performance of Indian corporates and overall positive micro-economic indicators."

He said the value of M&A deals in the first half of 2007 at $50 billion has already crossed the total value of deals in the whole of 2006.

(Source: Economic Times)