MUMBAI : Due to the coronavirus-led economic disruption, India Inc is expected to focus more on the home market and avoid venturing overseas for merger and acquisition (M&A) opportunities.Covid-19 outbreak has forced risky bets off the table in the first half of the year.
To put it in perspective, so far this year, Indian companies have signed cheques worth just $428.6 billion to acquire companies outside of India, representing just 0.5% of the global outbound M&A market, data from financial markets tracker Refinitiv shows.
For the calendar year 2019, Indian companies acquired overseas companies worth $2.8 billion, representing a market share of 3.4%.