M&A activity touches all time high in 2022, 58.2% higher than 2021: Report

In Private-Equity (PE)-backed M&A activity, India crossed China for the first time since 2008 accounting for 28 per cent of the market share as compared to China's 24 per cent

Merger & Acquisition (M&A) activity in India touched an all-time high of $148 billion in the first nine months of 2022. It was 58.2 per cent higher than in 2021, according to a report in BusinessLine (BL). 

Before this, 2018 saw the highest value of M&A deals at $132 billion. The year 2022 saw the busiest first nine months ever, the report added. It was based on data from financial solutions provider, Refinitiv.

“Deal-making activity involving India hit record levels, defying slowdown globally. This was led by the HDFC-HDFC Bank Ltd merger in a deal valued at $ 60.4 billion,