look news india
Mumbai: Despite the boom in the Indian stock market, merger and acquisition (M&A) activity in the country has slowed down in the first six months of the current year. M&A deals worth $38 billion were signed in the first half of 2023, while M&A deals worth $41.74 billion were signed in the first half of 2023. However, the number of contracts has increased.
After the formation of the new government at the Centre, activities are likely to increase in the remaining six months of the year.
Data shows that deals worth $37.48 billion were struck in the first half of 2017, the lowest since the current year.
The number of contracts was 1245 in the first half of 2023 which has increased to 1460 in the current year.
M&A activity depends on the situation in different sectors, said an analyst.
Given the current economic situation of the country, M&A activities are expected to increase in the future.
The political and economic environment is currently stable. Another analyst said that given that private equity funds currently have ample cash, a surge in M&A activity cannot be ruled out in the remaining six months of 2024.