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India's outbound deal value at $7.6 billion, rises for third year in a row

US upstages UK as biggest target for outbound deals in 2022

Illustration: Binay Sinha
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Illustration: Binay Sinha

Sachin P Mampatta Mumbai
India has spent more on overseas mergers and acquisitions (M&As) by August than in the whole of 2021.

The total $7.6 billion in outbound M&As represents the third straight year of rising deal value, reveals data from tracker Refinitiv — a part of the London Stock Exchange Group tracking such transactions internationally. The government announced a move on Monday to ease overseas investments.

“In view of the evolving needs of businesses in India, in an increasingly integrated global market, there is a need for Indian corporations to be part of the global value chain. The revised regulatory framework

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First Published: Aug 26 2022 | 6:05 AM IST

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