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Illustration: Binay Sinha
The value of private equity (PE)-backed mergers and acquisitions (M&As) in India reached a six-year low during the first seven months of the current calendar year, amid ongoing global uncertainties.
The total value of these deals stood at $6.2 billion during the period, down from $9 billion in the same period last year, and lower than the $14 billion recorded during the corresponding period in 2019, according to data from LSEG Deals Intelligence.
PE funds pool capital from investors, including high-net-worth individuals, to invest in high-return opportunities.
In July, the total deal value was $300 million, a