In the Indian technology industry, there were 33 M&A deals announced in Q3 2023, worth a total value of $22.6m, according to GlobalData’s Deals Database. The $16.8m acquisition of Trejhara Solutions by AurionPro Solutions was the industry’s largest disclosed deal. GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 delvers into the transformative themes steering M&A landscape in the TMT Sector. The report unveils essential insights, spotlighting trends and shifts within the industry. Buy the report here.
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In value terms, M&A activity in India decreased by 83% in Q3 2023 compared with the previous quarter’s total of $129.4m and fell by 94% as compared to Q3 2022. Related deal volume decreased by 33% in Q3 2023 versus the previous quarter and was 44% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in India in Q3 2023 were D.A. Davidson & Co.; Ernst & Young Global; Globeview Advisors with 1, 1, 1 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in India Q3 2023 were AZB & Partners; TriLegal; Cyril Amarchand Mangaldas with 5, 4, 2 deals respectively.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
