The value of announced mergers & acquisitions (M&A) deals involving Indian companies slipped more than 11 per cent year-on-year in the twelve months ended December 31.

As per stats complied by Thomson Reuters, the value of announced M&A deals involving domestic companies slipped 11.5 per cent to $31.5 billion in 2013, reflecting the general weakness in the Asian economy.

It was lowest value of M&A deals since 2009, when the figure was recorded at $21.5 billion.

In the final three months of 2013, overall value of M&A involving Indian companies was recorded at $7.1 billion.  The figures represented an increase of 28.5 per cent from the previous quarter, but on the other hand it represented a decline of 29.8 per cent from the final quarter of 2012.

The analysis of the stats also revealed that total cross-board M&A grew 56.8 per cent to $24.7 billion last year.

The report said, "Total cross-board M&A grew 56.8 per cent to $24.7 billion compared to the annual M&A activity in 2012 driven by the 43.5 per cent and 83.1 per cent increase in India's inbound and outbound M&A activity, respectively."

The energy & power sector accounted for majority of the M&A deals involving Indian companies with 21.1 per cent market share worth $6.7 billion.  Value of the completed M&A deals jumped 49.5 per cent to $29.0 billion in 2013.