Paris

Among these, nine deals were classified as growth-stage, while 11 were considered early-stage, with two transactions kept undisclosed, as highlighted in the report.

With a substantial investment exceeding Rs 1.99 crore, Maruti Suzuki secures a significant equity stake of over 6.44 percent in this innovative venture.

Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat, commented on the stability observed in India's deal market amidst global turbulence. While M&A activity experienced a notable decline in value, PE investments continued their upward trajectory, albeit with reduced figures. Looking ahead, despite short-term volatility, Vijetha expressed optimism in India's strong fundamentals and economic recovery, which are expected to bolster investor confidence.

This decision to reduce his shareholding was initially announced back in February 2022, following a contentious dispute with fellow co-founder Rahul Bhatia concerning perceived corporate governance issues within the company.

Taking the stage to propel D’chica to greater heights of success, its co-founders, Richa Kapila and Vani Chugh, hailing from Delhi, made their debut on the business reality show.

Emerging markets are also anticipated to contribute significantly to the surge in bond sales, with government debt reaching an unprecedented 68.2% of GDP last year, as reported by the Institute of International Finance and the Financial Times.

Interestingly, this year saw a notable increase in capital being withdrawn from the country by private equity players, totaling $19.34 billion from 248 companies.

Addressing the gathering, Goyal stressed the competitive financing environment in India, attracting investments from those seeking greater stability.