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India clocks $24.5-bn deals in Q1

India clocks $24.5-bn deals in Q1

New Delhi: With 469 deals worth $24.5 billion, the first quarter of this year saw an unprecedented surge in deal making in the country (both in volume and value terms), a report showed on Monday.

The resurgence was driven by factors like robust private equity (PE) activity, a notable rebound in initial public offerings (IPOs), and a series of high-value transactions, according to the ‘Grant Thornton Bharat Dealtracker.’

The mega-merger between Reliance and Disney, valued at $8.5 billion, was the deal of the quarter. “The uptick in PE activity, highlighted by the emergence of two unicorns and high-value deals across traditional sectors, provides hope for continued growth and investment opportunities,” said Shanthi Vijetha, Partner, Growth, Grant Thornton Bharat. With upcoming events such as the elections, coupled with a strong pipeline of deals and increased attention from private capital, the outlook for 2024 remains optimistic, Vijetha added.

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