India Inc records highest-ever yearly M-;A at $ 171 billion as in 2022

12 Dec 2022 , 10:50 AM

The Indian corporate sector observed $171 billion in mergers and acquisitions in the 2022 calendar year, up from $145 billion announced in 2021.

HDFC Bank and HDFC led the league table with a $ 57.8 billion merger. The Adani group’s acquisitions dominated the headlines, with the conglomerate entering the cement sector by purchasing Swiss firm Holcim’s stake in Ambuja Cements for $6.5 billion.

It is crucial because the outlook for M&As in 2023 will be bolstered by moderating valuations and expectations, a slightly tighter financing environment, and shifting geopolitical priorities, which will favour control transactions over minority transactions.

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