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
IPL 2024: 'Sai Kishore did not expect I will go after him off the first ball', says CSK's Shivam Dube Fri, Mar 29, 2024, 03:55 PM
Talks with Ukrainian FM focused on conflict with Russia, says EAM Jaishankar Fri, Mar 29, 2024, 03:49 PM
Started my career on shop floor of auto plant: Anand Mahindra to Elon Musk Fri, Mar 29, 2024, 03:42 PM
Chinese military offers help to Pakistan to curb terrorism Fri, Mar 29, 2024, 03:39 PM
Kangana Ranaut holds roadshow in Mandi, responds to Supriya Shrinate's 'bhao' jibe Fri, Mar 29, 2024, 03:36 PM
CPI tries to revive itself by launching ex-IPS officer in UP's Faizabad Fri, Mar 29, 2024, 03:29 PM
Mandya in Karnataka to witness mega clash between Kumaraswamy and Star Chandru Fri, Mar 29, 2024, 03:26 PM
I-T seizes unaccounted cash from Kolkata bizman's office Fri, Mar 29, 2024, 03:24 PM
Byju's EGM on rights issue ends sans objections, dissenting investors skip meet Fri, Mar 29, 2024, 03:12 PM
Anti-abuse provisions should not be used in receipt of capital from credible investors: Experts Fri, Mar 29, 2024, 03:09 PM
UP: Kamaal R Khan's brother to contest from Saharanpur on BSP ticket Fri, Mar 29, 2024, 02:59 PM
Pakistan: Alarm bells ring as judicial bodies gear up to protect their judges against 'targeted assault' Fri, Mar 29, 2024, 02:50 PM
Judicial probe ordered in Mukhtar Ansari's death Fri, Mar 29, 2024, 02:46 PM
Stories come knocking, characters start whispering to me: Filmmaker Rima Das Fri, Mar 29, 2024, 02:45 PM
Magisterial probe ordered into Mukhtar Ansari's death Fri, Mar 29, 2024, 12:52 PM