In the Indian financial services industry, there were 16 M&A deals announced in Q2 2023, worth a total value of $1.8bn, according to GlobalData’s Deals Database. The $487.2m acquisition of virescent renewable energy trust by india grid trust was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in India increased by 3123% in Q2 2023 compared with the previous quarter’s total of $56.2m and fell by 97% as compared to Q2 2022. Related deal volume decreased by 16% in Q2 2023 versus the previous quarter and was 14% higher than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in India in Q2 2023 were Bank of America; Khaitan & Co; Mark Corporate Advisors with 1, 1, 1 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in India Q2 2023 were DSK Legal; Khaitan & Co; Kochhar & Co with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.