M&As reach unprecedented levels in India These are Q2 2024's best offers.

In the second quarter of 2024 (Q2 2024), dealmaking activity in India reached unprecedented levels, as per Grant Thornton Bharat Dealtracker.Record-breaking 501 agreements totaling $21.4 billion were completed in the second quarter of 2024—the biggest quarterly volume since Q2 2022.  Together, M&A and PE transactions totaled 467, with a combined value of $14.9 billion. In comparison to the previous quarter, this amounts to a 9% increase in volumes but a 28% fall in values, mostly because there were no mega-mergers like the Reliance-Disney deal in Q1 2024.High-value transactions (those worth more than USD 100 million) increased significantly during the quarter, from just 19 (including three deals above $1 billion) to 30 (a 58% increase).Indian corporations have a strong belief in the local investment climate, as seen by their expanding domestic investment.

Due to geopolitical unrest, cross-border transactions are dropping, but conventional sectors saw volume growth over the prior quarter. Political stability is likely to increase investor confidence and spur deal activity in the next six months, according to Grant Thornton in a research, given the results of the most recent election and the anticipated policy clarity from the incoming budget.Conventional industries such as manufacturing and pharmaceuticals had a lot of deal activity in Q2 2024 and accounted for over half of all deal values.