M&A deals plummet to $70.9 bn in 2023, down 63% from previous year s high – Business Standard

Merger and acquisition (M&A) investment bankers are going home with lower bonus cheques as deal value fell 63 per cent to $70.9 billion compared to 2022 when India Inc signed M&As worth $192 billion. The sharp rise in M&As in 2022 was mainly attributed to the mega merger between HDFC and HDFC Bank.