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The August edition of the Dealtracker highlights India Inc's resilience amidst geopolitical challenges, with significant deal activity across various sectors. Despite global economic headwinds, India's deal landscape continues to show strength, driven by substantial fundraising and M&A activity. Key sectors such as telecom, banking and finance, energy and renewables, and automotive have witnessed notable deals, highlighting investor confidence and growing demand. This trend is expected to continue, with a focus on tech-enabled, renewable energy, cleantech, and defense sectors.
Robust deal activity: India Inc witnessed 179 deals totaling USD 8.7 billion, reflecting a significant 63% increase in values, driven by a billion-dollar outbound deal. The month also saw substantial fundraising through IPOs and QIPs, with 8 IPOs and 11 QIPs collectively raising USD 3.4 billion, marking the second-highest IPO and QIP activity in a year.
Cross-border M&As beat slowdown: M&A activity registered second-highest monthly volumes and values for the year, despite a 24% drop in volume. Domestic consolidations reported a decline in both volume and value by 35% and 37%, respectively. However, cross-border activity increased by 5% in volume, with values soaring primarily due to a USD 4 billion telecom deal, the third-largest ever in India, contributing 64% of the overall M&A values.
PE deals gain momentum: Private Equity (PE) activity saw an uptick with 122 deals worth USD 2.5 billion, marking the second-highest monthly deal volume in the past 18 months. Notably, Ather Energy and Rapido achieved unicorn status, underscoring investor confidence and growing demand in the electric vehicle (EV) and mobility segments. Additionally, Ola Electric raised USD 740 million through an IPO, providing a significant boost to the automotive sector.
