In the Indian power industry, there were 31 M&A deals announced in Q4 2023, worth a total value of $630.5m, according to GlobalData’s Deals Database. The $365.7m acquisition of Lanco Amarkantak Power by Damodar Valley, Power Finance, REC and SJVN was the industry’s largest disclosed deal. GlobalData’s Power Industry Mergers and Acquisitions Deals report for 2023 uncovers key trends behind the power market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.
In value terms, M&A activity in India decreased by 84% in Q4 2023 compared with the previous quarter’s total of $4bn and rose by 26% as compared to Q4 2022. Related deal volume decreased by 6% in Q4 2023 versus the previous quarter and was 35% higher than in Q4 2022.
The top-ranked legal advisorss supporting these M&A deals in India Q4 2023 were TriLegal; AZB & Partners; Khaitan & Co with 3, 2, 1 deals respectively.
For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.
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