Merger and acquisition deals value rose 66 percent in the first nine months of 2024
New Delhi| The value of mergers and acquisitions (M & A) deals taking place in India has increased by 66 percent between the first nine months of this year (January to September). It has increased by 10 per cent on a global basis and declined by 5 per cent in the Asia-Pacific region. This information was given in a report that came on Wednesday.
According to a global report by Boston Consulting Group (BCG), M & A activity in India has been strong in 2024. Dhruv Shah, Managing Director and Partner, BCG, said, “This highlights the unique strength and appeal of the Indian market. There have been big deals in fields like technology, media, industrial and healthcare”
Deal volume in India declined by 3 per cent in the reporting period, but not as rapidly as it declined by 13 per cent globally and by 13 per cent across the Asia-Pacific region. Deals focused on technology, media or telecommunications accounted for 40 percent of the total value during the first nine months of this year.
The report said that despite global turmoil, industrial companies remain leaders in Indian deal making in 2024. Deal making in India will remain strong in the long term as companies with strong balance sheets look for attractive valuation assets.
Shah further said that companies with strong balance sheets will continue to look for opportunities to grow inorganically and private equity and venture capital investors will try to deploy record-high dry powder as India remains the preferred investment destination. The reason for the increase in deals in India is the rapid growth of the economy. The growth rate of the Indian economy was 8.2 percent in FY 2023-24, which is estimated to be 7.2 percent in FY 2024-25.
