At $19 billion, India Inc sees highest quarterly deal volumes in 2 years

India Inc saw 551 deals worthy $19 cardinal successful the July-September period, clocking highest quarterly woody volumes successful 2 years, a study showed connected Monday.

The three-month play (Q3 2024) besides saw 25 archetypal nationalist offerings (IPOs) valued astatine $4.1 billion, according to Grant Thornton Bharat Dealtracker.

There were 214 mergers and acquisitions valued astatine $11.4 billion, a 57 per cent summation successful measurement and 65 per cent successful worth from Q2 2024, which is simply a testament to India's resilience and increasing confidence.

“India's deal-making situation has been connected the upward inclination successful volumes since Q1 2023, with Q3 2024 marking its highest, reflecting home marketplace resilience, driven by home and cross-border transactions and breeding assurance among investors,” said Shanthi Vijetha, Partner, Growth astatine Grant Thornton Bharat.

Additionally, the grounds qualified organization placement (QIP) enactment and heightened IPO listing indicates the upbeat successful the Indian superior market.

"We expect this momentum to continue, fuelled by investments successful integer transformation, sustainability, and different cardinal sectors," Vijetha added.

Notably, cross-border enactment reached a 10-year high, with 35 outbound deals worthy $5.3 billion, led by Bharti Enterprises' $4 cardinal acquisition of a 25 per cent involvement successful a British telecom group.

Domestic enactment besides saw a singular 54 per cent measurement summation and 24 per cent worth increase, achieving an all-time precocious successful quarterly volumes, the study noted.

The backstage equity (PE) scenery saw 337 deals valued astatine $7.6 billion, marking the highest woody volumes since Q3 2022.

The 4th saw important enactment from high-value deals, with 23 transactions exceeding $100 million, totalling $4.9 cardinal and accounting for 65 per cent of wide woody values.Early-stage backing besides saw notable traction, with seed, pre-seed, and angel stages securing $273 cardinal crossed 80 deals.Sector-wise, the telecom assemblage led successful woody values with $4 cardinal from conscionable 2 deals. 

Retail assemblage led woody volumes with 112 deals worthy $1.8 billion, said the report.