Even as there is no end in sight for the coronavirus pandemic, which scuppered deal-making activities in the first half of the year, global investment bank Rothschild & Co is bullish on India deal street as it’s already working on a pipeline of deals worth billions of dollars.
Domestic deal activity managed to remain in the green during the first half, thanks to the unprecedented stake sale by Reliance Industries in Jio Platforms, between April and June, worth nearly $15 billion (about Rs 1.12 trillion) through 11 deals.
This helped the overall deal-making grow 14.5 per cent to $43.8 billion (about Rs 3.28 trillion) in the first half of 2020, according to numbers collated by Mergermarkets.
According to Aalok Shah, managing director of Rothschild & Co in India, the bank had a reasonably good first half as it completed three large deals — the $490-million Piramal-Carlyle deal, $900-million Edelwiess-Engie deal, and TVS’ buyout of British bike company Norton Motorcycles, and is working on a number of deals which could be completed in the second half.
“We had a decent start to the year with the $900 million