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Adani surpasses Mukesh Ambani's RIL group firms in 2024 M&A deals

Listed entities of top five groups collectively account for 15.3% of total value

merger and acquisition (M&A)
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Dev Chatterjee Mumbai

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The Adani group, which competes with the Mukesh Ambani-led conglomerate for top position in merger and acquisition (M&A) deals, outpaced the listed entities of the rival camp last year.
 
It secured agreements worth $6.32 billion as against $3.14 billion of the Ambanis.
 
In 2023, however, Ambani-run entities led the league tables among Indian conglomerates, with deals totalling $8.77 billion, while the Adani group had signed those worth $1.73 billion.
 
While the JSW and Tata groups are also expanding capacity through M&As, it is the Adani and Ambani groups that have been swapping the top two positions since the pandemic, according

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