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.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
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