Year-Ender 2023: Top 10 mergers and acquisitions that are reshaping industries across India
Top M&As in 2023: In 2023, the Indian business landscape underwent a radical metamorphosis fuelled by a record-breaking M&A spree. The year witnessed a staggering 72 per cent increase in deal volume compared to 2022, according to Deloitte's findings. The total value exceeded a colossal USD 150 billion, according to Bain & Company.
Many aspects contributed to this growth. EY attributed this surge to factors such as rising investor confidence, robust corporate cash reserves, and the government's pro-consolidation policies. From aviation's landmark Tata-Air India reunion to the birth of the cinema behemoth PVR-INOX, these mega deals redefined industries.
Notably, Deloitte highlights a 45 per cent jump in M&As within the consumer sector, driven by Reliance Retail's strategic acquisitions like Ed-a-Mamma. Bain & Company emphasises the growing prominence of digital content play with Saregama's Pocket Aces acquisition. However, the picture isn't solely rosy.
EY warns of potential headwinds like rising interest rates and global economic uncertainty. Nevertheless, the sheer momentum of 2023's M&A bonanza will have a lasting impact on the Indian economic landscape. Mint takes a look at the top M&As that happened in 2023.
Adani group announced on December 15, 2023, that it has acquired a 50.5 per cent stake in newswire agency, IANS India Pvt Ltd for ₹5.1 lakh, further consolidating its presence in the media sector, according to a regulatory filing. Adani Enterprises -- the firm that holds the group's media interest -- said its subsidiary AMG Media Networks Ltd has bought a 50.50 per cent stake constituting equity shares of IANS India Pvt Ltd. Reliance Retail Ventures Ltd (RRVL) finalised a joint venture agreement to acquire a 51
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