The total number of deals by India Inc in October fell 42 per cent year-on-year (YoY) and deal volumes dropped 77 per cent, a new report said.
The 129 deals signed in the month amounted to $2.1 billion. In October last year, 223 deals were signed with a total value of $9.1 billion. This is the lowest monthly volume witnessed in 2022.
Compared to September 2022, the number of deals was down 11 per cent and their total value fell 49 per cent, according to Grant Thornton Bharat's monthly Dealtracker. The slips were due to the absence of any big-ticket transactions. In October, no transaction above $1 billion was recorded.