Down 66% YoY, total deal value in Q3FY23 second lowest since 2017: Report

According to Grant Thornton Bharat's Dealtracker September 2022 report, a total of 450 deals worth $10.2 billion were recorded in Q3FY23, 25 per cent below the 600 deals recorded in Q3FY22

The number of deals fell 25 per cent year-on-year (YoY) in deal volumes and 66 per cent in deal values in the third quarter of the current financial year (Q3FY23). This was primarily due to the absence of any big-ticket transactions owing to the cautionary approach of the investors amid macroeconomic uncertainty, a new report said.

According to Grant Thornton Bharat's Dealtracker September 2022 report, a total of 450 deals worth $10.2 billion were recorded in Q3FY23. This was 25 per cent lower than the 600 deals recorded in Q3FY22.

The deal value fell 66 per cent from $29.8 billion