Blockbuster M&As keep India's deal street buzzing despite market volatility

With deals crossing $105 bn in the first 4 months, experts believe 2022 could be a record year for M&As

India's deal street is buzzing yet again despite indices remaining volatile across the globe. Several blockbuster deals like Reliance Industries’ (RIL) potential $10-billion (Rs 76,000 crore) acquisition of European medicine chain Walgreens Boots; Adani and JSW groups bidding for Ambuja Cements and the merger of the HDFC twins are leading the merger and acquisitions (M&A) pecking order.

In the first four months of 2022 (till April 28), M&A deals, and deals in the making, have already crossed $105 billion, compared to $44.2 billion in the first four months of 2021. In 2021, Indian companies reported M&A deals worth $149.4 billion