In the Indian technology industry, there were 47 M&A deals announced in Q2 2023, worth a total value of $129.1m, according to GlobalData’s Deals Database. The $41.1m minority acquisition of slk global solutions pvt. by coforge was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
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In value terms, M&A activity in India decreased by 75% in Q2 2023 compared with the previous quarter’s total of $512.3m and fell by 98% as compared to Q2 2022. Related deal volume remained flat in Q2 2023 versus the previous quarter and was 29% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in India in Q2 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 Q2 2023 were AZB & Partners; Cyril Amarchand Mangaldas; Gandhi & Associates with 4, 2, 1 deals respectively.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes, 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.
