Inbound merger and acquisition activities in India grew by over 45% in April-June quarter this year, with IT/ITeS, Banking, Financial Services and Insurance and telecom sectors witnessing maximum action, an industry study said. The quarter saw M&A worth $7,907.11 million against $5,439.23 million in the same period last year "The IT/ITeS sector has continued to attract foreign companies for M&A despite the Satyam nongovernance issue and the global economic slowdown," Assocham study said. M&A activities in the sector increased to $8,046.24 million in June quarter of FY'10, from $219.35 million in the previous quarter last fiscal. In value terms, however, the overall M&A deals declined by 12.76% to $9,484.91 million.
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