Anu Iyengar, global head of mergers and acquisitions at JPMorgan, believes investors have about $2 trillion of funds available to invest, and $100 to $150 billion of that is focused on India, writes Bloomberg.
The analyst drew attention to the fact that today it is difficult to find a market that would have similar growth characteristics, stability, as well as high technology, healthcare and infrastructure solutions that are provided by many companies. Financial flows rushing into the country’s market bodes well for more funds being deployed in India.
Favorable factors include India’s rapidly growing GDP.
Year-to-date, India has seen $33 billion in M&A deals, down nearly 72% from the same period in 2022.
JPMorgan ranks second globally in terms of mergers and acquisitions year-to-date, up from third place in 2022. This area in India is dominated by high technology and healthcare, as well as infrastructure and energy transition.
As for opportunities for equity holders to go public, Iyengar sees opportunity in the recently muted IPO market. In particular, through so-called double-dealing, where asset owners consider selling their assets either through an IPO or an M&A transaction.