The first quarter of the current year, the deal activity in India has raised the nose significantly as 455 deals, worth a whopping $25.6 billion, registered an impressive 24 percent rise in volume in comparison to the previous quarter of the year 2023, as per a report issued on Wednesday.
The media and entertainment vertical emerged as the leader of deal value. However, the retail and consumer vertical remained the leader in terms of deal number.
The report finds that the value of M&A transactions increased spectacularly by 60 percent to a substantial $19.6 billion and that private equity deals dipped a little.
There were a total of 143 domestic M&A deals, with the largest deal touching $4.5 billion.
“The first quarter of 2024 showcases the best figures in the last six quarters owing to the momentum of the market and large-ticket deals, hinting at a bold appetite for strategic expansion and market dominance,” said Dinesh Arora, Partner & Leader -- Deals, PwC India.
"As stakeholders, enterprises, and investors set their sights on the future, the enthusiasm is tangible," he added.
In this quarter, 14 transactions were done worth over $500 million, which is an astounding rise from nine such deals in the previous quarter of CY23, out of which 12 were M&A transactions.
The retail and consumer sector remained high in deal number with 81 transactions this quarter and was closely followed by the technology sector with 49 deals, according to the report.
Read also | RBI Identifies 6 Key Drivers Fueling India's Rise to Third Largest Economy
Read also | RBI Forecasts India's GDP Growth Exceeding 7 Percent
