M&A activity grew 4.4% in deal value to $37.3 billion, says LSEG Deals Intelligence report
According to a report, the India equity capital markets (ECM) achieved a record high by raising $29.5 billion in the first half of this year, marking a 144.9% increase compared to the previous year. This surge was driven by significant growth in follow-on public offers (FPOs).
Overall Indian mergers and acquisitions (M&A) activity during the first half of 2024 grew 4.4 percent in deal value to $37.3 billion compared to the same period last year, according to Tan.
The majority of the deal-making activity involving India targeted the high technology sector which totaled $5.8 billion, a 13.2 percent increase in value from the comparative period last year and accounted for 15.6 percent market share.
Initial public offerings (IPO) from Indian companies raised $4.4 billion, up 97.8 percent compared to the same period last year, and the number of IPOs jumped 70.6 percent year-on-year, according to data shared by LSEG Deals Intelligence.
“Follow-on offerings, which accounted for 85 percent of India’s overall ECM proceeds, raised $25.1 billion, up 155.7 percent from a year ago, while the number of follow-on offerings grew 56.4 percent year-on-year,” the report mentioned.
ECM issuance from India’s industrial sector accounted for the majority of the nation’s ECM activity with a 21.4 percent market share worth $6.3 billion in proceeds, a 96.2 percent increase from a year ago.
“Private equity investments in India saw a marked improvement in the second quarter of 2024, as the sum of equity invested amounted to $3.6 billion, a 75 percent sequential increase from the first quarter of 2024,” said Elaine Tan, senior manager, LSEG Deals Intelligence.
India remains a critical market for deploying private equity capital, accounting for at least 22 percent of Asia Pacific’s sum of equity invested during the first half of 2024 compared to 19 percent market share from the first half of last year, Tan added.
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is this money flow will improve employment in our Bharat for able and innovative youngesters?
is this money flow will improve employment in our Bharat for able and innovative youngesters?