Economic TimesLean R·
India dealmaking resilient despite slump: Citi
India's dealmaking remains resilient despite a weaker rupee and a slump in equity markets, as deals are being driven by strategy rather than financial engineering, said Rahul Saraf, Citi's head of investment banking for India.His comments come as India's year-to-date M&A deal value fell more than 19% to $95.5 billion from $118.5 billion a year earlier, according to data compiled by LSEG this week, though the number of deals was little changed, suggesting selectivity rather than diminished a…
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