India Inc saw 551 deals worth $19 billion in the July-September period, clocking highest quarterly deal volumes in two years, a report showed on Monday.
The three-month period (Q3 2024) also saw 25 initial public offerings (IPOs) valued at $4.1 billion, according to Grant Thornton Bharat Dealtracker.
There were 214 mergers and acquisitions valued at $11.4 billion, a 57 per cent increase in volume and 65 per cent in value from Q2 2024, which is a testament to India's resilience and growing confidence.
“India's deal-making environment has been on the upward trend in volumes since Q1 2023, with Q3 2024 marking its highest, reflecting domestic market resilience, driven by domestic and cross-border transactions and breeding confidence among investors,” said Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat.