Covid-19 has evidently not spared the Indian M&A playground. According to Grant Thornton India’s April 2020 Dealtracker, aggregate M&A and PE deal volumes reported a 37% and 22% fall respectively compared to deal volumes in April 2019 and March 2020 The novel coronavirus disease, declared as a pandemic by the World Health Organization (WHO), has transformed work and lifestyles, weakened the global economy and above all, impacted the livelihood of many.
The economic impact of the virus is widespread and the market sentiment has turned bearish. We have witnessed unprecedented events during this pandemic-driven economic turmoil.