At $170.6 billion, merger & acquisition (M&A) deals in India during 2022 were the highest ever, shows Refinitiv's India Investment Banking Review 2022 report. The deal activity in 2022 was 38 per cent higher than that in 2021.
The financial sector came on top of the list of target sectors, receiving investments of over $70 billion – more than the next four sectors combined. Technology was the next most favoured sector, with investments of $20.4 billion.
HDFC Bank's merger with Housing and Development Finance Corp, valued at $60.4 billion, was the biggest deal by book value.
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