India Inc’s deal activity sees 3% jump to $13.2 billion in July

India Inc witnessed a 3 per cent rise in deal activity to USD 13.2 billion across 181 transactions in July, a report said on Tuesday.

Going by the number of deals, the volumes showed a 66 per cent increase to 181 transactions, thus indicating a dip in average ticket sizes, the data by the consultancy firm Grant Thornton Bharat said.

When compared to the preceding June, the deal volumes were 6 per cent higher, while the deal values were 33 per cent up because of a higher number of big-ticket transactions, it added.

This surge in deal activity was primarily due to companies continuing to borrow economically and spending their cash reserves on transformative deals to reposition themselves for the post-COVID-19 world, its partner Shanthi Vijetha said.