India clocks 129 deals at $2.1 bn in Oct, 77% YoY decline in value

by IANS |

New Delhi, Nov 22 (IANS) India clocked 129 deals valued at $2.1 billion in the month of October, a 42 per cent fall in volumes and a significant 77 per cent decline in values as compared to October last year, a report showed on Tuesday.

When compared to September, the deal volumes witnessed an 11 per cent decline while values decreased by 49 per cent due to the absence of big-ticket transactions, according to Grant Thornton Bharat's Dealtracker October 2022 report.

The M&A (merger and acquisition) space recorded 33 deals at $692 million, witnessing a significant downtrend both in terms of deal volumes by 47 per cent and deal values by 79 per cent.

The start-up sector led the volumes with 27 per cent of the deals driven by the enterprise application segment followed by autotech and edtech segments.

"In view of inflation, with ongoing improvement in domestic economic activity supported by private consumption growth and expected support from festive season demand, Indian domestic demand showed a relatively healthy growth trend," said Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat.

Owing to this, macroeconomic strength continues to manifest in the form of improving high-frequency consumption and industrial indicators.

"Considering this, we expect domestic deal activity to continue, if not grow, in the coming months," Vijetha added.

Private equity investments recorded $1,448 million across 96 deals. The PE investment trend witnessed a drop, both in terms of deal values and volumes, over October 2021, said the report.

The year to date (YTD) 2022 recorded 23 initial public offerings (IPO) with an issue size of $8.8 billion, compared to 43 IPO issues raising $23.5 billion in YTD 2021.

Latest News
Sensex crosses 74K mark in 1000 points rally Thu, Mar 28, 2024, 03:42 PM
Man stabbed to death during fight over drinking water Thu, Mar 28, 2024, 03:41 PM
Actor Mukesh, BJP candidate Ashwini file nominations in Kerala Thu, Mar 28, 2024, 03:22 PM
Gillespie resigns from his role as South Australia, Adelaide strikers' head coach Thu, Mar 28, 2024, 03:15 PM
'No scope for individuality in party', Karnataka DyCM Shivakumar warns warring leaders Thu, Mar 28, 2024, 03:10 PM
Ukrainian FM arrives in India to build on talks between PM Modi, Volodymyr Zelenskyy Thu, Mar 28, 2024, 03:02 PM
Political conspiracy, claims Kejriwal while being taken to Rouse Avenue Court Thu, Mar 28, 2024, 02:47 PM
NXP Semiconductors unveils industry-first platform for software-defined vehicles Thu, Mar 28, 2024, 02:41 PM
CM Vijayan & CPI(M) tread cautiously after ED case against Veena Vijayan Thu, Mar 28, 2024, 02:37 PM
IPL 2024: 'They opened for Australia...', says Ganguly on DC's opting for Warner, Marsh as opening pair vs PBKS Thu, Mar 28, 2024, 02:28 PM
India's trade policy is calibrated with economic growth path: Piyush Goyal Thu, Mar 28, 2024, 02:17 PM
Holi brings cheer to UP excise dept as sales soar Thu, Mar 28, 2024, 02:11 PM
Punjab CM Bhagwant Mann blessed with baby girl Thu, Mar 28, 2024, 02:10 PM
New AI tool can predict fatal heart rhythm with 80 pc accuracy Thu, Mar 28, 2024, 12:41 PM
IPL 2024: 'Perplexed, beyond my understanding', Smith, Pathan slam Hardik's tactics of using Bumrah vs SRH Thu, Mar 28, 2024, 12:27 PM