Summary:

In Q3 2024, India saw a boom in deal activity, with 618 deals worth $29.6 billion, marking the highest quarterly volume since Q1 2022. M&A activity surged, with 214 acquisitions totaling $11.4 billion, primarily driven by domestic transactions. Cross-border transactions climbed by 67 percent. The private equity industry closed 337 agreements valued at $7.6 billion. Notably, three companies —Rapido, Ather Energy, and Moneyview—achieved unicorn status, positively influencing the automotive and financial sectors this quarter.

In the third quarter of 2024, India experienced the greatest IPO volumes of the year, with three large IPOs exceeding $500 million, all of which were oversubscribed and yielded strong returns. QIP activity reached an all-time high, solidifying it as the preferred fundraising strategy for listed firms. Vishal Agarwal, Partner at Grant Thornton Bharat, noted that deal-making activity has increased over the last two years, with rising volumes and values. M&A activity also grew steadily, with 18 agreements valued at $1.4 billion, representing gains in both volume and value.

Source: IBEF

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