Merger and acquisition (M&A) deal value soared by 60 per cent to USD 19.6 billion in January-March 2024, while that of private equity (PE) experienced a slight dip, according to a PwC India report.
With 455 deals amounting to USD 25.6 billion disclosed value, the first quarter of 2024 showcases a 24 per cent rise in deal volume compared to the fourth quarter of calendar year 2023 – marking a notable resurgence, as per PwC India report ‘Deals at a glance’.
“This signals a shift from the declining trend observed throughout 2023,” it added.
As per the report, there were 143 domestic M&A deals, with the largest one touching USD 4.5 billion. The overall deal value for the first quarter of 2024 stands at USD 25.6 billion, a significant increase from the previous quarter and the corresponding period last year.
Sector-wise, traditional sectors took the lead, drawing significant investments in the changing deal-making scenario.
