March 16 2021
In spite of challenges posed by the global COVID-19 pandemic, geopolitical tensions in the Indian sub-continent and market uncertainties associated with the US presidential elections, Indian M&A deal activity remarkably prospered in certain respects during 2020.
Deal flow crossed the $82 billion mark in aggregate deal value, representing an increase of 22.9% from 2019. However, nearly a quarter of this figure is attributable to multiple big-ticket investments made in Jio Platforms, the holding company for India s largest mobile network operator Jio and other digital businesses of the Reliance group, and there was an overall 17.1% fall in total deal-count. The second quarter of 2020, in particular, saw a significant drop in transactions.
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