M&A deals plummet to $70.9 bn in 2023, down 63% from previous year's high

Statistics collated from Bloomberg show that M&A deal values have crossed the $100 billion mark since 2018

Merger and acquisition (M&A) investment bankers are going home with lower bonus cheques as deal value fell 63 per cent to $70.9 billion compared to 2022 when India Inc signed M&As worth $192 billion.

The sharp rise in M&As in 2022 was mainly attributed to the mega merger between HDFC and HDFC Bank.

Data collated from Bloomberg shows that M&A deal value has crossed the $100-billion mark since 2018. This came as Indian companies and private equity firms acquired or sold companies in India despite Covid.

But in 2023, it slowed down considerably despite a record rise in stock indices