Deal activity witnessed a spurt in the month of April. The total value of merger and acquisition (M&A) transactions in April was more than seven times the value in April 2017, said by Grant Thornton.

It’s primarily coming out of two transactions. One is Bharti Infratel and Indus Towers’ transaction which is of $14.6 billion. It’s one of the largest transaction in the month of April. Second is the acquisition of Ostro Energy by ReNew which is a &1.6 billion transaction, said Pankaj Chopda, director of Grant Thornton.

“We do expect the deal momentum to continue and it will go much beyond the previous year’s activity. It is going to be primarily on account of consolidation, the market pressure to compete, counteract the competitor’s strategies,” he added.