By Priyanka Deshpande
CNBC-TV18.com
Published April 24, 2024
The first quarter of 2024 showcases a 24% rise in deal volume as compared to Q4 CY23 signaling a shift from the declining trend observed throughout 2023, as per PwC India’s report ‘Deals at a glance’. Take a look at some key highlights from the report.
Merger and acquisition (M&A) deal value soared by 60%, reaching $19.6 billion while private equity (PE) deal value experienced a slight dip.
There were a total 143 domestic M&A deals, with the largest deal touching $4.5 billion.
With 455 deals, the overall deal value for Q1 2024 stands at $25.6 billion.
Sector-wise, traditional sectors took the lead, drawing significant investments in the changing deal-making scenario.
The retail and consumer sector continues to lead in terms of the deal volume with 81 deals this quarter, followed by the technology sector which saw 49 deals.
Media and entertainment sector topped the charts in terms of deal value.
The largest deal of the quarter comes from the media and entertainment sector, where Reliance Industries signed a binding agreement with Disney to form a joint venture, combining the businesses of Viacom 18 and Star India.
Disclosure: Reliance Industries Ltd is the sole beneficiary of the Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.