New Delhi:

Merger and Aquisition (M&A) is the toast of the season for the corporate world and that

too not without any reason — a new McKinsey study shows that the current boom in the mergers and acquisitions market is creating more value with less proportion of over payments.

No wonder, at least three of the top business houses in India — Tatas, Anil Ambani and Mukesh Ambani — are currently vying for the tag of biggest ever M&A deal related to the corporate India, while there are the likes of Ranbaxy, Videocon and Hindalco as well reported to be in race for striking some big deals.

The global M&A volume surged to a new record high of $4 trillion in 2006 surpassing the previous peak of $3.3 trillion in 2000.