look news india
Mumbai: In the first nine months of 2023, MDA transactions grew by 13.80 per cent to $69.20 billion as against $60.80 billion in the current calendar year, according to a report. The strength of the country's economy is attracting investors.
A total of 2301 M&A deals were struck in the first nine months of 2024, compared to 1855 deals in the same period last year. The report said that compared to developed countries in North America and Europe, India's market size and growth potential is attracting more investors and large deals are increasing.
The country's high economic growth rates and strong stock market have boosted valuations in the country. However, fluctuations in interest rates and the impact of inflation on capital expenditure and debt and the risk amortization system affect valuations. Fluctuations in exchange rates have affected cross-border transactions.
Most of the M&A deals have been seen in consumer non-cyclical sectors. Since then financial, communications, energy and industry have been observed. $12.80 billion M&A deal in consumer non-cyclical.