Adani Group Leads Surge in Indian Acquisitions as Deal Value Surpasses $9.4 Billion in April

21 May 2024

Indian companies made several acquisition deals in April, including three major ones with Adani Group. A recently released report stated that the total value of these deals was two billion dollars, which is 38 percent of the total deals in the country. According to Grant Thornton's report, domestic companies signed 191 deals with a total value of $9.4 billion last month.

This represents an increase of 21 percent in terms of numbers and 37 percent in terms of value compared to the month of March. These include 12 deals of exceptional value, totalling more than $100 million, with a combined value of $3.8 billion.

A partner at Grant Thornton said, "The outlook regarding deals remains positive. Fueled by a thriving ecosystem of technology, consumer, and infrastructure sectors and supported by forward-thinking government policies, it will drive widespread growth." SP Group's 56 percent stake in Gopalpur Port Limited and 39 percent stake in Orissa Stevedores Limited for Rs 3.080 crore have been acquired by Adani Ports and Special Economic Zone.

The report further noted that the acquisition of Gopalpur Ports Limited by Adani Ports has given a major boost to the transportation and logistics sectors. This has increased the country's logistics capacity, which is essential for supporting the country's growing international trade demand.