The year 2023 marked a significant period for deal makers, characterized by an abundance of block deals and a subdued atmosphere in M&A activity. Block deals reached a staggering $15 billion, and set a record in the Indian markets. In 2023, the deal street was dominated by private equity and venture capital exits totalling over $10 billion.
CNBC-TV18’s Nisha Poddar engaged in a discussion with Zia Mody, co-founder and managing partner at AZB & Partners, and Salil Pitale, MD and CEO of Axis Capital, to delve into the key highlights and insights from the deal-making landscape of 2023, while also peering into the prospects for 2024.
Salil Pitale anticipates a resurgence of private equity-driven M&A opportunities in 2024. He further predicts the revival of substantial IPOs, exceeding Rs 5,000 crore, as a notable feature of the upcoming year.
Watch the accompanying video for the entire discussion.
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