Singapore-based firms bag $535m of deals in India

13-Jun-2012 Intellasia | Straitstimes | 7:01 AM

Singapore-based firms secured acquisitions worth $417 million (S$535 million) in India in seven deals, bucking a wider trend of slower merger and acquisition activity in the past year.

A report by Kroll Advisory Solutions found that Singapore-based bidders invested mainly in the medical and consumer good sectors from May last year to April this year.

For instance, the government of Singapore Investment Corp invested $100 million in a minority stake in India’s eye and dental care provider Vasan Health Care.

There were also two deals in the consumer foods sector.

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