Mumbai: Overall trading activity In value terms, it fell sharply 60% to $5.192 billion April A report on Monday said that compared with $12.934 billion in the previous March. This is despite a 24% increase in the number of transactions this month to 176, a consultancy reported.
The biggest decline was in M&A transactions, which fell 75% to US$2.526 billion compared with US$10.212 billion in March. trade Grant Thornton Bharat reported a slight decline in value terms at $2.666 billion.
Among broader mergers and acquisitions, external transactions fell the most, plummeting to $24 million from $9.072 billion a month ago, the report said.
Adani Group increased its stake in Ambuja Cement and ACC to 8% in two transactions worth a cumulative $1.8 billion, the highest M&A activity this month, the company said.
Its partner Shanthi Vijetha said: “India is on the cusp of a new era of growth and investment, supported by a growing consumer market, a thriving technology innovation ecosystem and supportive government policies, and the deal outlook in 2024 remains strong optimism.
Factors affecting the domestic market in the short term are likely to include global and domestic interest rate trends driven by Lok Sabha election results, inflation and supply chain dynamics, he added.
The biggest decline was in M&A transactions, which fell 75% to US$2.526 billion compared with US$10.212 billion in March. trade Grant Thornton Bharat reported a slight decline in value terms at $2.666 billion.
Among broader mergers and acquisitions, external transactions fell the most, plummeting to $24 million from $9.072 billion a month ago, the report said.
Adani Group increased its stake in Ambuja Cement and ACC to 8% in two transactions worth a cumulative $1.8 billion, the highest M&A activity this month, the company said.
Its partner Shanthi Vijetha said: “India is on the cusp of a new era of growth and investment, supported by a growing consumer market, a thriving technology innovation ecosystem and supportive government policies, and the deal outlook in 2024 remains strong optimism.
Factors affecting the domestic market in the short term are likely to include global and domestic interest rate trends driven by Lok Sabha election results, inflation and supply chain dynamics, he added.
