Deals worth $3.9 billion were witnessed in July 2014, according to accountancy and advisory firm Grant Thornton's monthly dealtracker report.
India Inc mergers and acquisitions (M&A) deal value rose 17% to $4.57 billion despite a fall in volumes during July primarily due to big-ticket inbound and outbound transactions, says a report.
Deals worth $3.9 billion were witnessed in July 2014, according to accountancy and advisory firm Grant Thornton's monthly dealtracker report.
The number of deals dropped 10% to 46 in July 2015 from 51 in the same period a year ago.
"M&A deal values increased 17% year-on-year despite a 10% year-on-year fall in the overall deal volumes," Grant Thornton said in the report.
"This was primarily due to big-ticket inbound and outbound deals which drove average deal size in this segment," it added.
However, M&A deal activity showed a decline of 3% in terms of value for the seven months ended July 2015.
Deals worth $20.34 billion were recorded in January-July period this year compared to $21.05 billion in the same period a year ago.
"M&A deal activity remained subdued due to lower mergers and internal restructuring," it said.
Meanwhile, the report said that private equity marked the highest activity for a month in 2015 with deals worth $2.15 billion in July - an increase of 16% from year-ago period.
Volumes in private equity investments also doubled to 110 in July over the corresponding month last year.
"PE activity continues to show promising trends as the overall macro level indicators continue to look positive, whereas domestic M&A activity has been slipping," Grant Thornton India partner Prashant Mehra said.
Mehra noted that passage of GST bill in Parliament, inflation remaining under good control, expected increase in government spending, among other factors, should help M&A activity "swell upwards".
Energy and natural resources, banking and financial services and pharmaceutical attracted big ticket deals valued over $100 million in July, the report said.
Lupin's acquisition of Gavis Pharmaceuticals for $880 million in July was the largest acquisition by Indian pharmaceuticals company in the US.
With more than 60% of total volume, IT & ITES continued to be the preferred sector for PE investments, in the month.
Sectors like telecom, real estate and manufacturing also witnessed big ticket PE investments of over $100 million.
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