Omega Management logo

India’s M&A deals soar to $126.09 bn

M&A deals in India soared to $126.09 billion across 1,185 deals in 2022. However, the growth rate — at 141% — was largely due to the HDFC Bank and Housing Development Finance Corporation merger which was worth $57 billion. The deal size, the biggest in India’s corporate history, was higher than the total value of all deals — $52.31 — in 2021.

This was followed by Adani Group’s acquisition of Switzerland-based Holcim Group’s entire stake in two Indian firms — Ambuja Cements and ACC — for about $10.5 billion, which was also the largest-ever acquisition by Adani, and largest M&A transaction in Indian infrastructure and materials space. The merger of two Larsen & Toubro subsidiaries – L&T Infotech and Mindtree – with a $3.3 billion deal value came in third.

Steel maker ArcelorMittal’s arm AM/NS India acquisition of two port assets and a power plant from the Essar Group for a net value of about $2.4 billion, and…

Read more…