Well begun, but US recession fears to hit Indian firms' foreign M&As

Bankers bullish on local acquisitions by India Inc in rest of FY23

In spite of a good start in the June quarter of the current year with $100-billion transactions, acquisitions by Indian companies overseas are expected to slow down in the rest of the financial year due to fears of a recession in the US  and difficulty in raising funds overseas. But bankers said top-rated Indian companies will continue to acquire companies within India due to availability of attractive opportunities.

Statistics collated by this newspaper shows that in the June quarter, India Inc signed 807 transactions worth $100-billion, which is three times higher than $30.3 billion worth of 641 deals signed in the