Summary:

According to Grant Thornton Bharat, India's deal-making environment expanded significantly in Q3 2024, with 551 transactions valued at US$ 19 billion, the highest quarterly number since Q1 2022. Mergers and acquisitions (M&A) set a record with 214 transactions, including Nazara Technologies' nine acquisitions totaling US$ 223 million. Cross-border outbound agreements hit a decade-high of 35 transactions totaling US$ 5.3 billion, while domestic activity increased by 54% in volume and 24% in value, setting a quarterly volume record.

The private equity (PE) sector saw strong activity in Q3 2024, with 337 acquisitions totaling US$ 7.6 billion, the highest number since Q3 2022. The retail and consumer industries dominated PE activity, although banking, financial services, and energy also contributed to the quarter's value. High-value transactions accounted for 56% of overall PE investments, including Brookfield Global Transition Fund's US$ 550 million investment in Leap Green Energy. The IPO market also thrived, with 25 listings totaling US$ 4.1 billion and 42 QIP deals worth US$ 6.5 billion, indicating strong institutional investor confidence.

Source: IBEF 

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