Corporate India’s merger and acquisition deal activity stood at $1.74 billion in April taking the total M&A kitty so far this year to $21 billion.

According to the monthly deal report of VCCEdge, the financial research platform of VCCircle.com, the M&A deal value during April stood at $1.74 billion. It had risen 57 per cent over the same period last year.

The deal count also witnessed an upward trend and increased to 49 in April compared to 28 in the year-ago period.

“On a month on month basis, deal value in Apr’10 was substantially lower than that in Mar’10. In terms of deal value, the monthly activity began with slow momentum in February and accelerated in March to reach 14.1 billion.

However, this pace could not be maintained and activity recorded a dip at $1.74 billion in April,” the report said.

The month of April saw as many as 25 domestic deals worth $815 million, compared to 13 deals worth $603 million in the year-ago period, the report said.

Larger deals ($50 million and above) continued their dominance and accounted for 87 per cent of total capital invested in April 2010.

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