Investors have close to $2 trillion in funds available for investing, and a massive $100 to $150 billion of that amount is focused on India, according to Anu Aiyengar, the global head of JPMorgan Chase & Co.’s merger and acquisition.
“As we look at a combination of the inflows into the Indian market, as well as the exits financial sponsors have successfully been able to do, that bodes well for more money getting deployed in India,”
Aiyengar stated in a recent interview with Bloomberg Television Rishaad Salamat during the closing of the bank’s closed-door India Investor Summit in Mumbai.
The New York-based Banker indicated the fast-rising GDP of India as one of the attributes that makes it attractive.
“It is hard to find a market like this which has the growth characteristics and stability as well as tech, health care and infra solutions that are being provided by a multitude of companies,”
Aiyengar also added. There were M&As worth $33 billion in India in the year to date, which is down by 72% compared to the same period in 2022.
All the stock mergers of Housing Development Finance Corp with HDFC Bank Ltd.. which JPMorgan and 17 other advisors worked side by side on, helped drive volume in India to a great record last year.
It is a stark contrast with the year 2023, where a global dealmaking slump has got the industry gripped.
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