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Mergers and acquisitions (M&As) in India have moved into the slow lane, dropping 43 per cent in terms of deal value to touch $13.37 billion since January this year to date, compared to the same period in the last year. According to data sourced from Bloomberg, Indian companies reported deal value worth $23.5 billion between January and March 22, 2023. Data Infrastructure Trust s acquisition of American Tower Corporation s India telecom towers business for $2.5 billion was the top deal for the ongoing quarter so far, followed by the Highway Infrastructure Trust s acquisition of PNC Infratech s road projects for $1.08 billion.

Red seaDjibouti generalUnited statesAurojyoti boseUttam ghosh rediffPrabal banerjeeIndia incReliance industriesAmerican tower corporation indiaData infrastructureInfrastructure trustAmerican tower corporationHighway infrastructure trustParamount globalAsia pacificGlobal data