Mumbai: The $8.5 billion merger between Reliance and Disney helped the overall deal activity in the March quarter of 2024 reach a nearly two-year high, a report said on Tuesday.
The overall number of transactions, including mergers and acquisitions (M&As) and private equity (PE) investments, inched up to 427 from 422 in the quarter-ago period, but the values surged by 43 per cent to $20.416 billion, the report by the consultancy firm Grant Thornton Bharat said. This performance is the highest in deal activity since the June quarter of 2022, the report said.
The March 2024 quarter witnessed a 36 per cent drop in the number of high-value deals of over $100 million from 28 to 18, while billion-dollar deals registered an uptick compared to the previous quarter.
