Adani Group’s of boosts Indian firm’s value, a says

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The deal value of Indian more than doubled to $19.1 billion in May 2022 in 190 deals, thanks to Adani Group’s $10.5 billion takeover of global cement giant Holcim, a report on said .

Overall deal activity – which includes mergers and acquisitions, the private equity landscape and public market activity such as IPOs – was $7.965 billion a ago, according to a report by consultancy Grant Thornton Bharat.

However, the value of overall activity fell by 59% compared to April, as the month recorded a $40 billion merger between HDFC and HDFC, the report said.

In addition to Adani’s acquisition of ACC and Ambuja Cement from Holcim, May 2022 also saw a $2 billion in Viacom18 by Reliance and Bodhi Tree, the report said, that there were 13 other -value deals in excess of $100 million Transactions totaled $5.1 billion for the month.

From a transaction volume perspective, the number of transactions in May was 190, compared to 120 in the same period last year, that compared to April, the number was only 3% higher.

Shanthi Vijetha, a partner at the firm, said: “Startups, e-commerce and IT dominated the month’s transaction volume, while manufacturing, media and entertainment, and energy had the highest combined value.”

On the M&A front, there were 40 deals totaling $11.9 billion in May 2022, more than a of which came from the startup space, with 11 deals valued at $70 million.

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It said private equity investments hit a $7.2 billion in value and volume across 150 deals, up 169 percent in value and 81 percent in volume.

(Apart from the title, this story was unedited by NDTV staff and was posted from a syndicated feed.)