M&A deals in India drop 10% to 793 in 2023: PwC report
Disney, Reliance sign binding pact to merge media operations in India: Report "In 2023, India resiliently navigated global headwinds, solidifying its appeal to international investors. The economic fundamentals stay strong reflecting investors' enthusiasm for the country's expanding economic opportunities.
Despite a restrained deal-making environment throughout the year, deal activity stabilised towards the last quarter leading us to anticipate an upswing in 2024," Dionesh Arora, Partner & Leader-Deals PwC India. The Private Equity (PE) investment dropped 36% to $36 billion last year.
Despite the decline, the average investment size per deal expanded increased to $46 million in 2023 as against $42 million in 2022. However, in CY23 early-stage investments were 53% less than CY22.
On the other hand, buyouts demonstrated resilience with only 5% decline compared to CY22. This renewable energy stock is up 10,000% in 5 years The top 10 deals of 2023 included JV buyouts, strategic investments, PE buyouts, and stick market mergers, contributing 21% of the total deal value.
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