India Inc. reports 501 transactions in Q2 2024, totaling $21.4 billion Report

In Q2 2024, India Inc. recorded 501 agreements totaling USD 21.4 billion, according to Grant Thornton Bharat Dealtracker.The consulting group reports that Q2 2024 had the largest quarterly volumes in the previous two years, but values fell as a result of the lack of significant M&A deals.Together, the merger and acquisition (M&A) and private equity (PE) agreements totaled 467, valued at USD 14.9 billion. This represents a 9% rise in volume but a 28% fall in value, mostly because of the USD 8.5 billion Reliance-Disney mega-merger from the previous quarter, according to Grant Thornton.

A $1 billion deal and thirty high-value deals (over USD 100 million) were completed in the just concluded quarter, representing a 58% increase in high-value deals over the prior quarter.Due to geopolitical unrest, cross-border transactions are dropping; yet, traditional sectors saw volume growth over the prior quarter. "With recent election results and anticipated policy clarity from the upcoming budget, political stability is expected to boost investor confidence and drive deal activity in the next six months," added the statement. Large domestic deals and strong private equity activity were observed throughout the quarter, according to Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat.