India Inc. sees USD 8.7 billion in deals

According to the A&K Consultancy Dealtracker, excluding IPOs and QIPs, August 2024 deal activity witnessed a significant surge, with a total of 179 deals, amounting to USD 8.7 billion, marking a 63% increase in value compared to July. While overall volumes saw a modest 3% rise, M&A transactions dominated the landscape, accounting for 71% of the total value, largely driven by Bharti Enterprises’ USD 4 billion acquisition of a 25% stake in British Telecom Group, the second-largest deal of the year. Private Equity (PE) deals contributed to 68% of the total volume, with 7 high-value deals (over USD 100 million) collectively worth USD 1.7 billion, surpassing the previous month’s values with 7 deals worth USD 1.4 billion. This robust deal activity underscores a vibrant market, with investors demonstrating confidence in India’s growth story across various sectors. Notably, Ather Energy and Rapido achieved unicorn status, underscoring investor confidence and growing demand in the electric vehicle (EV) and mobility segments.