BFSI sector deals increased 23% in Q2, according to Grant Thornton.

In the industry, 63 deals were completed, and deal values increased by 46%.According to Grant Thornton Bharat, the financial services industry saw mergers and acquisitions valued at $867 million in the second quarter of 2024, as well as $1.6 billion in private equity investments. With 63 agreements completed in the second quarter, the sector's overall activity increased by 23% in terms of volume and 46% in terms of deal value.It stated, "The market has demonstrated resilience and optimism, reflected in robust primary investments and healthy consolidation, despite the uncertainty surrounding election results."M&As With 15 deals completed, the volume of merger and acquisition deals increased sequentially by 15%. Nonetheless, the deals' worth decreased by 11% to $867 million. Domestic consolidations accounted for 73% of the volume of M&A transactions, suggesting a preference for strategic local investments.

With an 84% contribution, inward transactions accounted for the majority of the deal value. According to the research, this significant inflow of foreign investment highlights the sector's attractiveness to global investors. The largest transaction in the industry saw Zurich Insurance Group raising its ownership to 70% of Kotak Mahindra General Insurance. This represents the biggest overseas investment in India's general insurance sector.