India’s M and A deal value falls to lowest in the 5 years

The value of merger and acquisition (M and A) transactions in India has plummeted by 69.1 per cent year-on-year (Y-o-Y) in the first nine months of 2023 to $50.8 billion (until September 25). This decline could be attributed to bearish investor sentiment amid rising global interest rates and geopolitical volatility. The value of M and A deals thus far in CY23 is the lowest in the past eight years, according to data from Bloomberg.