While the number of domestic and outbound mergers and acquisitions (M&As) rose to an all-time high in the three months to March, the value of domestic M&As dropped to an eight-year low of $4.9 billion.
Private equity-backed M&As in India amounted to $2.6 billion, down 77% from a year ago—the lowest first quarter period since 2020.
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For outbound M&A deals from India, the US was the most targeted nation with 39% of the total volume.