{"id":50540,"date":"2025-01-13T16:29:09","date_gmt":"2025-01-13T10:59:09","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=50540"},"modified":"2025-11-10T13:35:33","modified_gmt":"2025-11-10T08:05:33","slug":"indias-109-billion-m-and-a-surge-in-2024","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/indias-109-billion-m-and-a-surge-in-2024\/","title":{"rendered":"India\u2019s $109 Billion M&amp;A Surge: How 2024 Redefined Financial Growth"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>India\u2019s financial landscape reached new heights in 2024, with a significant surge in mergers and acquisitions (M&amp;A) activity and unprecedented fundraising in the equity capital markets. As <a href=\"https:\/\/www.equentis.com\/blog\/key-global-events-that-can-influence-the-stock-market-this-week-3\/\">global<\/a> and domestic investors sought opportunities in one of the world\u2019s fastest-growing economies, the year saw a remarkable 38% jump in M&amp;A transactions, alongside record-breaking IPO activity that underlined India\u2019s position as a major player in the global financial ecosystem.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\"><strong>Key Highlights of 2024<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"633\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2025\/01\/image-3-1024x633.png\" alt=\"\" class=\"wp-image-50541\" style=\"width:560px;height:auto\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2025\/01\/image-3-1024x633.png 1024w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2025\/01\/image-3-300x186.png 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2025\/01\/image-3-768x475.png 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2025\/01\/image-3.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><em>Source: <a href=\"https:\/\/www.statista.com\/outlook\/fmo\/corporate-finance\/mergers-and-acquisitions\/india\" data-type=\"link\" data-id=\"https:\/\/www.statista.com\/outlook\/fmo\/corporate-finance\/mergers-and-acquisitions\/india\" target=\"_blank\" rel=\"noopener\">Statista<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\"><strong>M&amp;A Activity Overview<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Total Value:<\/strong> M&amp;A deals surged to $109 billion in 2024, compared to $79 billion in 2023, driven by robust corporate strategies and investor confidence <\/li>\n\n\n\n<li><strong>Domestic Contributions:<\/strong> Indian corporates accounted for $48 billion of this activity, nearly doubling their participation from $26 billion the previous year (<a href=\"https:\/\/economictimes.indiatimes.com\/news\/company\/corporate-trends\/indias-ma-activity-sees-38-jump-in-cy24-35-billion-ipo-pipeline\/articleshow\/117169130.cms\" target=\"_blank\" rel=\"noopener\">Economic Times<\/a>).<\/li>\n\n\n\n<li><\/li>\n\n\n\n<li><strong>High-Profile Deals:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Viacom and Disney Merger:<\/strong> This reshaped the entertainment sector.<\/li>\n\n\n\n<li><strong>Aster DM\u2019s Acquisition of Quality Care:<\/strong> Strengthened its foothold in healthcare.<\/li>\n\n\n\n<li><strong>Bharti Group\u2019s Stake in BT Group:<\/strong> Expanded its global telecommunications footprint.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Sectoral Focus:<\/strong> Key industries with heightened M&amp;A activity included technology, industrials, infrastructure, and retail, reflecting evolving market dynamics and diversification strategies.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\"><strong>Driving Factors<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Economic Growth:<\/strong> India\u2019s strong GDP performance and increasing global recognition as an investment hub attracted domestic and international investors.<\/li>\n\n\n\n<li><strong>Private Equity (PE) Involvement:<\/strong> PE firms played a pivotal role in funding high-growth startups and acquiring stakes in established companies.<\/li>\n\n\n\n<li><strong>Conglomerate Ambitions:<\/strong> Companies like the Adani Group, Reliance Industries, and Birla Group actively pursued acquisitions to bolster their portfolios and expand into new markets.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\"><strong>Record-Breaking IPO Activity<\/strong><\/h3>\n\n\n\n<p>India\u2019s equity capital market experienced unparalleled growth in 2024, with total fundraising reaching $74 billion across initial public offerings (IPOs), follow-on public offers (FPOs), and qualified institutional placements (<a href=\"https:\/\/www.equentis.com\/blog\/qips-hit-new-highs-in-2024-as-companies-raise-%e2%82%b91-37-trillion-whats-next-for-2025\/\">QIPs<\/a>) (<a href=\"https:\/\/economictimes.indiatimes.com\/news\/company\/corporate-trends\/indias-ma-activity-sees-38-jump-in-cy24-35-billion-ipo-pipeline\/articleshow\/117169130.cms\" target=\"_blank\" rel=\"noopener\">Economic Times<\/a>).<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Milestone IPOs:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Hyundai Motor India <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"456\">IPO<\/a>:<\/strong> Raised $3.3 billion (\u20b927,870 crore), making it the largest IPO in India\u2019s history, surpassing LIC\u2019s 2022 record.<\/li>\n\n\n\n<li><strong>Vodafone Idea FPO:<\/strong> At $2.2 billion (\u20b918,000 crore), it became India\u2019s largest FPO, eclipsing records by Yes Bank and ONGC.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Diverse Sectors:<\/strong> Fundraising spanned industries like automobiles, telecom, retail, capital goods, and e-commerce, accounting for 59% of the total issue size.<\/li>\n\n\n\n<li><strong>Market Dynamics:<\/strong> Over 300 IPOs were launched, reflecting retail and institutional investors&#8217; strong appetite for equities.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\"><strong>Key Drivers of Equity Fundraising<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Investor Sentiment:<\/strong> Confidence in India\u2019s economic trajectory encouraged robust participation from domestic and foreign investors.<\/li>\n\n\n\n<li><strong>Sectoral Growth:<\/strong> Rising consumer demand, digital transformation, and infrastructure <a href=\"https:\/\/www.equentis.com\/blog\/mukul-agrawal-portfolio-shareholdings-investments-all-you-need-to-know\/\">investments<\/a> created lucrative opportunities.<\/li>\n\n\n\n<li><strong>Regulatory Support:<\/strong> Government reforms and policy initiatives made it easier for companies to access capital markets.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\"><strong>Looking Ahead: 2025 and Beyond<\/strong><\/h3>\n\n\n\n<p>The momentum built in 2024 is set to continue, with an active <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"769\">IPO<\/a> pipeline estimated at $35 billion. Major companies expected to go public in 2025 include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>HDB <a href=\"https:\/\/www.equentis.com\/blog\/what-is-financial-advisory-complete-guide\/\">Financial Services<\/a>:<\/strong> A leading non-banking financial company (NBFC).<\/li>\n\n\n\n<li><strong>LG Electronics India:<\/strong> A prominent player in consumer electronics.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\"><strong>Emerging Trends<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Green and Sustainable Investments:<\/strong> Increasing focus on ESG (Environmental, Social, and Governance) factors will drive investments in <a href=\"https:\/\/www.equentis.com\/blog\/top-renewable-energy-penny-stocks-in-india\/\">renewable energy<\/a> and sustainable technologies.<\/li>\n\n\n\n<li><strong>Tech-Driven Growth:<\/strong> Startups and tech companies will continue to attract significant funding, particularly in fintech, e-commerce, and AI.<\/li>\n\n\n\n<li><strong>Global Integration:<\/strong> Indian firms will likely pursue more cross-border deals, enhancing global competitiveness.<\/li>\n<\/ol>\n\n\n\n<p><\/p>\n\n\n\n<p>The year 2024 marked a turning point for India\u2019s financial markets. The surge in M&amp;A activity and equity fundraising underscores the country\u2019s growing economic clout and its appeal to global investors. With robust market fundamentals, strategic corporate initiatives, and an ambitious <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/researchandranking\/ipos\" title=\"IPO\" data-wpil-keyword-link=\"linked\" data-wpil-monitor-id=\"1070\">IPO<\/a> pipeline, India is poised to sustain this growth trajectory in 2025 and beyond, reinforcing its position as a leading global investment destination.<\/p>\n\n\n\n<p class=\"has-ast-global-color-5-color has-text-color has-background has-link-color wp-elements-99316fa911e3b5ca7f1cfd997eb788c4\" style=\"background-color:#001e5a\"><strong>Know more about:<br><a href=\"https:\/\/www.equentis.com\/ipos\">IPOs<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">Current IPOs<\/a><a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/upcoming-ipos\">Upcoming IPOs <\/a>|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/listed-ipos\">Listed IPO<\/a>s | <a href=\"https:\/\/www.equentis.com\/ipos\/closed-ipos\">Closed IPOs<\/a> | <a data-wpil=\"url\" href=\"https:\/\/www.equentis.com\/ipos\/ipo-performers\">IPO Performers<\/a><\/strong><\/p>\n\n\n<div class=\"crp-list-container\"><h3 class=\"crp-list-title\">Related Posts<\/h3><ul class=\"crp-list\"><li class=\"crp-list-item crp-list-item-image-left crp-list-item-has-image\"><div class=\"crp-list-item-image\"><a href=\"https:\/\/www.equentis.com\/blog\/5-nse-multibagger-stocks-to-watch-for-in-2025\/\"><img decoding=\"async\" style=\"max-width: 50px; height: auto;\" width=\"50\" height=\"50\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2024\/12\/Multibagger-Stocks-of-2025-70x70.jpg\" class=\"attachment-50x50 size-50x50\" alt=\"multibagger stocks\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2024\/12\/Multibagger-Stocks-of-2025-70x70.jpg 70w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2024\/12\/Multibagger-Stocks-of-2025-150x150.jpg 150w\" sizes=\"(max-width: 50px) 100vw, 50px\" title=\"\"><\/a><\/div><div class=\"crp-list-item-title\"><a href=\"https:\/\/www.equentis.com\/blog\/5-nse-multibagger-stocks-to-watch-for-in-2025\/\">5 NSE Multibagger Stocks To Watch For In 2025<\/a><\/div><\/li><li class=\"crp-list-item crp-list-item-image-left crp-list-item-has-image\"><div class=\"crp-list-item-image\"><a href=\"https:\/\/www.equentis.com\/blog\/asian-stock-market-the-complete-guide\/\"><img decoding=\"async\" style=\"max-width: 50px; height: auto;\" width=\"50\" height=\"50\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2024\/12\/Asian-Stock-Market-70x70.jpg\" class=\"attachment-50x50 size-50x50\" alt=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2024\/12\/Asian-Stock-Market-70x70.jpg 70w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2024\/12\/Asian-Stock-Market-150x150.jpg 150w\" sizes=\"(max-width: 50px) 100vw, 50px\" title=\"\"><\/a><\/div><div class=\"crp-list-item-title\"><a href=\"https:\/\/www.equentis.com\/blog\/asian-stock-market-the-complete-guide\/\">Asian Stock Market: The Complete Guide<\/a><\/div><\/li><li class=\"crp-list-item crp-list-item-image-left crp-list-item-has-image\"><div class=\"crp-list-item-image\"><a href=\"https:\/\/www.equentis.com\/blog\/best-penny-stocks-in-india-for-2025\/\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 50px; height: auto;\" width=\"50\" height=\"50\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2024\/12\/Penny-Stocks-for-2025-70x70.jpg\" class=\"attachment-50x50 size-50x50\" alt=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2024\/12\/Penny-Stocks-for-2025-70x70.jpg 70w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2024\/12\/Penny-Stocks-for-2025-150x150.jpg 150w\" sizes=\"(max-width: 50px) 100vw, 50px\" title=\"\"><\/a><\/div><div class=\"crp-list-item-title\"><a href=\"https:\/\/www.equentis.com\/blog\/best-penny-stocks-in-india-for-2025\/\">Penny Stocks to watch For 2025<\/a><\/div><\/li><\/ul><\/div>\n\n\n<p class=\"has-ast-global-color-5-color has-vivid-red-background-color has-text-color has-background has-link-color wp-elements-a377517bdd8f600e0c2e7efd2ef366fd\">Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis \u2013 Research &amp; Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by <a href=\"https:\/\/www.equentis.com\/blog\/sebi-registered-investment-advisor-meaning-eligibility\/\">SEBI<\/a>, membership of BASL &amp; certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FAQs<\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\"><strong>What drove the surge in India\u2019s M&amp;A activity in 2024?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">India\u2019s strong GDP growth, increased private equity participation, and strategic acquisitions by conglomerates were key factors driving the M&amp;A boom.<br><\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>Which were the largest M&amp;A deals in 2024?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">High-profile deals included the Viacom-Disney merger, Aster DM\u2019s acquisition of Quality Care, and Bharti Group\u2019s stake in BT Group.<br><\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>How much did India raise through IPOs in 2024?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">India\u2019s equity capital market raised $74 billion in 2024, with notable IPOs such as Hyundai Motor India and Vodafone Idea setting records.<\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>What industries led the equity fundraising efforts?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">\u00a0Automobiles, telecom, retail, capital goods, and e-commerce were the leading sectors, accounting for 59% of the total issue size.<br><\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>What is the outlook for 2025 in India\u2019s financial markets?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">With an estimated $35 billion IPO pipeline, key trends like ESG investments, tech-driven growth, and global integration are expected to shape 2025.<br><\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>India\u2019s financial landscape reached new heights in 2024, with a significant surge in mergers and acquisitions (M&#038;A) activity and unprecedented fundraising in the equity capital markets. As global and domestic investors sought opportunities in one of the world\u2019s fastest-growing economies, the year saw a remarkable 38% jump in M&#038;A transactions, alongside record-breaking IPO activity that underlined India\u2019s position as a major player in the global financial ecosystem.<\/p>\n","protected":false},"author":5,"featured_media":50543,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[948,10],"tags":[],"class_list":["post-50540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market-news","category-business"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/50540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=50540"}],"version-history":[{"count":20,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/50540\/revisions"}],"predecessor-version":[{"id":63246,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/50540\/revisions\/63246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/50543"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=50540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=50540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=50540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}