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Business News : In the month of July, 195 deals worth $8.4 billion were done by Indian companies . There has been an increase of 16 per cent in this. This information was given in a report released on Tuesday. The report further said that the monthly volume of merger and acquisition deals has seen a growth of 50 percent and a total of 75 deals worth $3.2 billion were done last month. The manufacturing sector was at the forefront in total deal volume. After this, most deals were done in pharma, retail, IT sector. Pharma sector was at the top in deal value.
Private Equity (PE) remained at the forefront.
A report released by Grant Thornton India DealTracker said that private equity (PE) was at the forefront with 57 percent of the total number of deals. At the same time, 59 percent of the total value came from mergers and acquisitions deals. Shanti Vijeta, partner at Grant Thornton India, said that the increase in deals made by Indian companies shows the confidence of investors. Due to many big domestic deals, the monthly volume in mergers and acquisitions is at a high level. The increase in cross-border activities shows that India's position as a growth market is strong.
India is the most preferred place for investment.
Vijayeta further said that India remains a preferred investment destination for the world due to the growth-focused initiatives taken by the government in Budget 2024. Private equity has done 98 deals worth $2.2 billion, although the value has increased marginally by 0.5 percent. At the same time, there has been a slight decline in volume. The average deal size has increased to $22 million. This includes seven high value transactions worth $1.4 billion.
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