+
India Inc sees 63% surge in deal value at $8.7 Bn
ECONOMY & POLICY

India Inc sees 63% surge in deal value at $8.7 Bn

India Inc had experienced a significant 63% increase in deal value for the month of August, reaching $8.7 billion, despite ongoing geopolitical challenges, according to a report released on Monday. The telecom, energy, and electric vehicle (EV) sectors had been the standout performers during this period. Excluding IPOs and Qualified Institutional Placements (QIPs), there had been a total of 179 deals, representing a modest 3% rise in overall volumes. Mergers and acquisitions (M&A) had dominated the landscape, accounting for 71% of the total deal value, as reported by the Grant Thornton Bharat Dealtracker.

Private Equity (PE) deals had contributed 68% of the total deal volume, with seven high-value deals, each worth $100 million, collectively amounting to $1.7 billion, surpassing the previous month's total of seven deals valued at $1.4 billion. This activity had been seen as a reflection of a vibrant market, with investors showing confidence in India’s growth across various sectors, despite global economic uncertainties.

Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat, had reportedly remarked that India’s ability to attract capital and foster innovation across critical industries had been clearly demonstrated. Vijetha had expressed expectations that strong interest would continue, with themes such as digitisation, cleantech, mobility, and aerospace and defense likely to remain in focus in the near future.

The telecom sector had led M&A values, largely due to Bharti Enterprises’ $4 billion acquisition of a 25% stake in British Telecom Group, which had been noted as the second-largest deal of the year. The BFSI sector had recorded the second-highest deal values and the third-highest volumes, with 29 deals worth $1.8 billion, driven by higher interest rates and strategic acquisitions, with fintech leading in terms of volumes.

The energy and renewables sector had seen strong deal activity, with five deals worth $518 million, reflecting India’s continued push towards energy transition and sustainability. Meanwhile, the retail and consumer segment had recorded 33 deals worth $458 million, with consumer services, e-commerce, and personal care driving activity, despite a slight decrease in deal values, according to the report.

India Inc had experienced a significant 63% increase in deal value for the month of August, reaching $8.7 billion, despite ongoing geopolitical challenges, according to a report released on Monday. The telecom, energy, and electric vehicle (EV) sectors had been the standout performers during this period. Excluding IPOs and Qualified Institutional Placements (QIPs), there had been a total of 179 deals, representing a modest 3% rise in overall volumes. Mergers and acquisitions (M&A) had dominated the landscape, accounting for 71% of the total deal value, as reported by the Grant Thornton Bharat Dealtracker. Private Equity (PE) deals had contributed 68% of the total deal volume, with seven high-value deals, each worth $100 million, collectively amounting to $1.7 billion, surpassing the previous month's total of seven deals valued at $1.4 billion. This activity had been seen as a reflection of a vibrant market, with investors showing confidence in India’s growth across various sectors, despite global economic uncertainties. Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat, had reportedly remarked that India’s ability to attract capital and foster innovation across critical industries had been clearly demonstrated. Vijetha had expressed expectations that strong interest would continue, with themes such as digitisation, cleantech, mobility, and aerospace and defense likely to remain in focus in the near future. The telecom sector had led M&A values, largely due to Bharti Enterprises’ $4 billion acquisition of a 25% stake in British Telecom Group, which had been noted as the second-largest deal of the year. The BFSI sector had recorded the second-highest deal values and the third-highest volumes, with 29 deals worth $1.8 billion, driven by higher interest rates and strategic acquisitions, with fintech leading in terms of volumes. The energy and renewables sector had seen strong deal activity, with five deals worth $518 million, reflecting India’s continued push towards energy transition and sustainability. Meanwhile, the retail and consumer segment had recorded 33 deals worth $458 million, with consumer services, e-commerce, and personal care driving activity, despite a slight decrease in deal values, according to the report.

Next Story
Infrastructure Urban

ITCONS Gains on New Rs 3.5 Million Defence Contract

ITCONS E-Solutions is trading at Rs 549.00, up by Rs 12.10 or 2.25 per cent from its previous close of Rs 536.90 on the BSE. The scrip opened at Rs 549.00 and has touched an intraday high and low of Rs 549.00, with 200 shares traded so far.A BSE ‘MT’ group stock with a face value of Rs 10, ITCONS touched its 52-week high of Rs 767.00 on 25 September 2024 and a 52-week low of Rs 166.70 on 5 August 2024. Over the past week, the stock has fluctuated between Rs 560.00 and Rs 510.60. The company's current market capitalisation stands at Rs 3.3 billion.Promoters hold 58.22 per cent of the compan..

Next Story
Infrastructure Urban

Delhi Extends EV Policy Till March 2026

The Delhi government has extended its existing Electric Vehicle (EV) Policy until 31 March 2026, or until a revised version is approved. The decision was made during a Cabinet meeting chaired by Chief Minister Rekha Gupta on Tuesday.According to Transport Minister Pankaj Kumar Singh, the draft of the new policy will undergo broader public consultation before being finalised, prompting the extension to allow time for thorough stakeholder engagement.The consultation process will include inputs from citizens, environmental groups, academic institutions, industry experts, and private firms. Key fo..

Next Story
Infrastructure Urban

Ather Crosses 400 Fast Chargers in Maharashtra

Electric two-wheeler manufacturer Ather Energy announced on Thursday that it has surpassed 400 fast charging points under its Ather Grid network across Maharashtra.The company's fast charging infrastructure now spans 35 cities in the state, including key urban centres such as Mumbai, Nashik, Pune, and Nagpur."Crossing 400 fast chargers in the state is about giving riders the assurance that they'll always find a charger when they need one. As we expand our retail presence, the charging network will continue to grow in tandem to make EV ownership truly seamless," said Ravneet Singh Phokela, Chie..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?