India completed pending and completed M&A deals worth $82.3 billion in the second quarter of 2022, the highest ever amount on record. According to a Bloomberg report, this is more than double the previous record of $38.1 billion recorded in the third quarter of 2019. Globally, M&A volumes reached $827.6 billion in the quarter, down 8.7 percent from the same period in 2021.
HDFC Bank’s $60 billion all-stock acquisition of Housing Development Finance Corp (HDFC) in April pushed overall mergers and acquisitions (M&A) to record levels. It was the most valuable bank in India and the largest mortgage lender in the country’s largest ever M&A transaction.
“While the conglomerates will consolidate to become stronger and gain market share in their core areas, there will be fresh or new initiatives around two big themes: ESG and digital. The second is a particular focus for all companies, no matter what the sector… there will be no further strategy that does not provide a clear path to deliver this,” the report quoted Sonjoy Chatterjee, chairman and chief executive officer. It has been said. Goldman Sachs Group in India, as it is saying. ESG stands for Environment, Social and Governance.
Another deal in May in a $3.3 billion all-stock deal in conjunction with software companies Mindtree Ltd and Larsen & Toubro Infotech showed how India’s largest firms are responding to a changed landscape in technology aided by market volatility. establishing itself.
Billionaire Gautam Adani’s $10.5 billion acquisition of Ambuja Cements was also a significant deal to push India’s overall M&A tally.
“in companies” India He was one of the biggest traders leading the transition to renewable energy. Shell plc agreed to buy renewable energy supplier Spring Energy Pvt in April for $1.5 billion, while French oil giant Total Energies SE this month bought a 25 per cent stake in Adani New Industries Ltd. The firm plans to invest more than $50 billion in technologies such as green hydrogen over the next decade, the report said.
Meanwhile, data and analytics company GlobalData said several key APAC markets saw a decline in deal activity. For example, China, Japan, South Korea, Singapore, Indonesia, Malaysia and New Zealand experienced declines in deal volume by 14.8 percent, 42.7 percent, 2.3 percent, 9.9 percent, 36.4 percent, 40 percent and 42.9 percent. Percentage respectively in May as compared to the previous month. Meanwhile, markets such as India, Australia and Hong Kong emerged as notable exceptions with growth of 3.2 per cent, 15.2 per cent and 21.7 per cent respectively.
It said that a total of 1,161 deals (comprising M&A, private equity and venture financing deals) were announced during May 2022 in the overall Asia-Pacific (APAC) region, as compared to 1,330 deals announced during this period. There is a decline of 12.7 percent. last month.
An analysis of GlobalData’s financial deals database shows this is the second consecutive month-on-month decline in transaction activity in the region. Deal volumes in the APAC region during the month were also lower than the monthly average for Q1 2022.
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