In the nine months so far this year, domestic mergers and acquisition (M&As) touched record levels of $105 billion, up 191% from the same period last year. The bulk of this, though, came from the $60-billion HDFC-HDFC Bank merger.
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While inbound M&As fell 38% to $31 billion year to date, outbound deals rose to a four-year high of $9 billion, up 82% from the same period last year.
American companies were the most active foreign acquirers in India, with $16.5 billion worth of deals— accounting for almost 54% market share of India’s inbound M&A.