Indian dealmaking soars to new heights in Q2 2024

According to the A&K Consultancy Dealtracker, Q2 2024, Indian dealmaking witnessed an overall 501 deals, valued at USD 21.4 billion. Q2 2024 witnessed highest quarterly volumes since Q2 2022, while values declined due to absence of big-ticket M&A transactions. M&A and PE deals together stood at 467, valued, totaling USD 14.9 billion, reflecting a 9% increase in volumes but a 28% decrease in values, primarily due to the previous quarter’s USD 8.5 billion Reliance-Disney mega-merger. The quarter featured one-billion-dollar deal and 30 high-value deals (over USD 100 million), marking a 58% increase in high-value deals compared to the previous quarter, which had only 19 high-value deals including three billion-dollar deals.  Indian corporates are increasingly investing domestically, reflecting strong confidence in the local investment climate. Despite declining cross-border deals due to geopolitical instability, traditional sectors grew in volumes over the previous quarter. With recent election results and anticipated policy clarity from the upcoming budget, political stability is expected to boost investor confidence and drive deal activity in the next six months.