New Delhi, 13 March (IANS). There is a boom in economic activities in India. The volume of deal activities rose 14 percent to 3 years high in February. This information was given in a report on Thursday.
According to data collected by Grant Thornton India, there have been 226 merger and acquisition (M&A) and private equity (PE) deal of $ 7.2 billion in this month, which shows a strong growth of 67 percent in volume and 5.4 times the price increase in volume compared to February 2024.
According to the report, India’s Deal Landscape saw a strong growth in February, including an early public offering (IPO) and qualified institutional placements (QIP) of $ 9.1 billion worth $ 9.1 billion.
Despite the global economic uncertainties including declining foreign investment and increasing trade fee in Indian public markets, the deal activities in India have been better due to strong domestic demand.
Grant Thornton, Growth Partner in India, Shanti winner said, “Deal activities in India have been stronger from January to February and the most monthly deal volumes have been recorded in the last three years.”
There have been 85 deals in the merger and acquisition segment in India, which shows a 23 percent increase from January.
The number of domestic deals was more responsible for 68 percent volume and 78 percent value.
The top deal of this month was acquired by ONGC NTPC Green Private Limited for $ 2.3 billion in the Ayana Renewable Power Private Limited by $ 2.3 billion.
Private equity landscape has seen a strong growth in February and the volume rose 9 percent to 141 deals, which was 129 in January. Value rose 16 percent to $ 2.4 billion, which is more than $ 2.1 billion in the previous month’s figure.
-IANS
ABS/
