In the Indian power industry, there were 4 private equity deals announced in Q2 2023, worth a total value of $1.9bn, according to GlobalData’s Deals Database. The $1bn investment by brookfield asset management in Avaada Power was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Power Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.

In value terms, private equity deal activity in India increased by 1082% in Q2 2023 compared with the previous quarter’s total of $160.8m and rose by 639% as compared to Q2 2022. Related deal volume increased by 33% in Q2 2023 versus the previous quarter and was 300% higher than in Q2 2022.

The top-ranked legal advisorss supporting these private equity deals in India Q2 2023 were AZB & Partners with 3 deals respectively.

For further understanding of GlobalData's Power Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.

This content was updated on 18 July 2023

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Buyouts and Direct Investments done by Private Equity firms.