Total technology industry M&A deals worth $2.1bn were announced in India in August 2022, with Bharti Telecom’s $1.61bn acquisition of 3.3% stake in Bharti Airtel being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 826.5% over the previous month of $228.82m and a rise of 685.5% when compared with the last 12-month average of $269.9m.

India held a 9.60% share of the global technology industry M&A deal value that totalled $22.08bn in August 2022.

In terms of M&A deal activity, the India recorded 31 deals during August 2022, marking an increase of 106.67% over the previous month and a rise of 14.81% over the 12-month average.

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India technology industry M&A deals in August 2022: Top deals

The top five technology industry M&A deals accounted for 97.5% of the overall value during August 2022.

The combined value of the top five technology M&A deals stood at $2.07bn, against the overall value of $2.1bn recorded for the month.

The top five technology industry M&A deals of August 2022 tracked by GlobalData were:

1) Bharti Telecom’s $1.61bn acquisition deal for 3.3% stake in Bharti Airtel

2) The $388.39m acquisition of Zomato by Fidelity Investments and ICICI Prudential Life Insurance

3) Adani Enterprises, AMG Media Networks and Vishvapradhan Commercial’s $61.72m acquisition deal with New Delhi Television

4) The $6.96m acquisition of CredAble by Axis Bank

5) Deep Vadodaria, Jagdish Pavra, Kajal Vadodaria and Neha Vadodaria’s $0.52m acquisition deal for 58.9% stake in Ved Technoserve India