The current calendar year would be one of mergers and acquisitions, according to an annual survey carried out by accounting and advisory firm Grant Thornton India LLP.The report also highlighted that pharma followed by manufacturing would be the most promising sectors for 2012 both in terms of domestic and cross-border deal activity. Private equity investments would be expected to focus on pharma, healthcare and biotech followed by manufacturing and banking and financial services industry sectors.The survey was conducted over the last quarter of 2011 and is based on responses from about 100 respondents covering key corporates and private equity funds.The survey said 84 per cent of the respondents were optimistic about increased M&A activity in 2012 and 60 per cent of corporations were considering private equity as a source of funding in 2012.
Source: The Hindu Business Line
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