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Contents
As the world started putting COVID-19 pandemic behind it, the Russia-Ukraine conflict has created uncertainty. This along with China’s slowdown is causing imbalance in demand and supply, resulting in inflation pressures. Despite this, India Inc witnessed 190 deals aggregating to USD 19.1 billion in May 2022.
“Regardless of whether it is a capital-intensive industry or not, including energy and industrials, the market seems to be poised for delayed growth. Inflation pressures are being felt throughout the world,” said Shanthi Vijetha, Partner, Growth, Grant Thornton Bharat.
Key highlights of the publication
- Deal volumes witnessed a 3% increase as compared to April 2022, while values decreased by 59%.
- In May 2022, India Inc. recorded 190 deals worth USD 19.1 billion. Deal values in April 2022 were driven by Adani Group’s acquisition of Holcim’s Indian Assets (Ambuja Cement and ACC Limited) for USD 10.5 billion followed by Reliance’s and Bodhi Tree’s strategic investment in Viacom18.
- Start-up, e-commerce and IT led the deal volumes for the month, while manufacturing, media and entertainment and energy topped the overall value.
- YTD 2022 recorded 17 initial public offerings (IPO) with an issue size of USD 6 billion, compared to 19 IPO issues, raising USD 4 billion in YTD 2021.
Monthly Dealtracker - May 2022
Providing M&A and P&E deal insights for the month of May 2022