M&A of the month: Fortis, Manipal stitch $2.3 bn merger but face valuation woes

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Refining-to-retail conglomerate Reliance Industries Ltd sealed three merger and acquisition deals in March while a number of other companies fought over cement and steel assets during a month that generated more heat than light.Overall, India recorded as many as 72 M&A deals during March, little changed from a year earlier, ......