Team Blitz India
NEW DELHI: India’s deal volumes surged in April 2024, marking the highest monthly activity since May 2022. There were 12 high-value transactions exceeding $100 million amounted to $3.8 billion, showcased a robust market.
April witnessed a notable increase in deal values, primarily fuelled by domestic consolidations led by the Adani Group.
Interestingly, European companies exhibited a significant cross-border interest, signalling a shift from the dominance of US firms, the Grant Thornton Bharat’s Dealtracker reveals.
While the volumes remained steady, a significant decline in values was observed as March 2024 witnessed a $ 8.5 billion merger between the Reliance group and Disney. Barring this deal, April recorded 48 per cent increase in deal values driven by three significant domestic consolidations by the Adani Group, valued at $ 2 billion, accounting for 38 per cent of total deal values.
