homebusiness NewsIndia's mergers and acquisitions landscape gears up for a global surge: Nomura Investment Banking

India's mergers and acquisitions landscape gears up for a global surge: Nomura Investment Banking

Nomura’s Tech-Media-Telecom head of Asia Pacific, Jwalant Nanavati, said that India is in a sweet spot and a lot of new global businesses are evaluating India play.

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By Nisha Poddar  Sept 29, 2023 8:54:15 AM IST (Updated)

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Investment banking experts, in a conversation with CNBC-TV18’s Nisha Poddar, said that large global companies are keen to enter India. This burgeoning interest is expected to drive the upcoming wave of mergers and acquisitions (M&A) within the country.

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According to Jwalant Nanavati, Nomura's Head of Tech-Media-Telecom for the Asia Pacific region, India finds itself in an opportune position, with numerous global enterprises considering their entry into the Indian market.
“India is in a structural sweet spot when it comes to technology, media, and technology companies,” he remarked, underlining India's current favorable market conditions.
Amit Thawani, who heads Investment Banking in India, articulated that the realm of corporate M&A is poised for acceleration, particularly as mid-level consolidation efforts have already commenced. He further contended that global strategic players are poised to join the momentum on the M&A front in the near future.
“The M&A environment is buoyant. There is a reasonably good level of interest. The Indian corporate sector has become meaningful participant in a  M&A transactions across sectors and these are not small-size deals, these are pretty sizable transactions which Indian corporates are aggressively pursuing. That is a big change,” he said.
Addressing the entry of international strategic investors into the Indian M&A landscape, Thawani acknowledged that while this trend is progressively gaining traction, it may require additional time to fully realize its potential.
These international strategics are eyeing meaningful transactions in India, signalling their recognition of the country's immense growth potential and the strategic advantages of expanding their footprint in the Indian market. The gradual increase in the presence of international players is expected to further boost the already vibrant M&A landscape in India.
“The second thing which we think is happening and it will take a little bit more time is the international strategies, which are stepping in and these can be meaningful size transactions,” he added.
Thawani emphasised his team's dedication to supporting Indian clients in their M&A endeavours. Furthermore, he highlighted their active engagement with global clients interested in entering or expanding their presence in the Indian market.
“We are putting all our might behind our Indian clients and interestingly also global clients looking to be in India,” he stated.
For a full interview, watch the accompanying video.

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