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As Asian Deals Disappear, India Becomes Unlikely M&A Hotspot

  • India accounts for 12% of Asia Pacific deals this year
  • Bankers see more deals in tech, healthcare and infrastructure
Sensex at Four-Month High Despite India Overtaking Russia for Third Biggest Tally of Virus Cases
Photographer: Dhiraj Singh/Bloomberg
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Mukesh Ambani’s ambitious courtship of international investors has helped turn India into a rare bright spot for dealmaking in 2020, a shift that bankers say is likely to continue as the battle for the country’s digital economy heats up.

Thanks in large part to $15 billion of investments in Ambani’s technology venture from the likes of Facebook Inc. and Silver Lake Partners, India accounts for more than 12% of announced deals in the Asia Pacific region so far this year, the highest ratio since at least 1998. The country’s tally has jumped 18% from a year ago to $55.3 billion, defying an 18% slide for the region, according to data compiled by Bloomberg.