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Record $82 Billion Dealmaking Spree Sees India Defy Global Slump

  • All-stock deals show conglomerates reorganizing amid threats
  • Dealmakers point to ESG and technology as two dominant themes

Bankers in India recorded their best-ever quarter for mergers and acquisitions while dealmaking elsewhere slows to a crawl.

India saw $82.3 billion pending and completed M&A deals in the second quarter, the highest amount on record, according to data compiled by Bloomberg. That’s more than twice as much than the previous record of $38.1 billion in the third quarter of 2019. Globally, M&A volume in the quarter reached $827.6 billion, down 8.7% from the same period in 2021.