PUBLICATION

Annual Dealtracker – 2022

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Contents

Deal activity in 2021 was disrupted by the second wave of COVID-19 in India. A fillip came in the form of vaccinations and their associated benefits. The main sectors that benefitted from the gradual recovery of the Indian economy were the IT & ITeS and banking and financial services sectors, which saw healthy deal activity. Shanthi Vijetha, Partner, Grant Thornton Bharat said, “The effect of the second wave was felt on deals across sectors. Performance picked up during the year, with the year recording over 2,100 deals valued at USD 91.1 billion.”

Key highlights:

  • 2021 witnessed 10 deals recorded at over USD 1 billion each.
  • IPOs saw a 2.7x growth over the 2020 issue size, with 65 companies raising USD 17.7 billion.
  • 2021 saw 14 deals valued at over a billion dollars each, 15 deals valued between USD 500 million and USD 999 million and 135 deals valued between USD 100 million and USD 499 million.
  • M&A volumes breached 2019 levels, growing 13% more.