India’s power industry saw a rise of 5% in overall deal activity during Q4 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 21 deals worth $541.43m were announced in Q4 2020, compared to the last four-quarter average of 20 deals.

M&A was the leading category in the quarter with 15 deals which accounted for 71.4% of all deals.

In second place was venture financing with three deals, followed by private equity with three transactions, respectively accounting for 14.3% and 14.3% of overall deal activity in the country’s power industry during the quarter.

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In terms of value of deals, M&A was the leading deal category in India’s power industry with total deals worth $524.93m, while private equity and venture financing deals totalled $10m and $6.5m, respectively.

India power industry deals in Q4 2020: Top deals

The top five power deals accounted for 92.6% of the overall value during Q4 2020.

The combined value of the top five power deals stood at $501.23m, against the overall value of $541.43m recorded for the quarter.

The top five power industry deals of Q4 2020 tracked by GlobalData were:

1) Ayana Renewable Power’s $216.32m asset transaction with ReNew Power Ventures

2) The $89.3m acquisition of Parbati Koldam TransmissionLimited by Sterlite Investment Managers

3) India Grid Trust’s $81.6m asset transaction with FRV Solar Holdings XI

4) The $79.49m acquisition of CG Power and Industrial Solutions by Tube Investments of India

5) The Tata Power’s acquisition of Western Electricity Supplyof Orissa Ltd for $34.53m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.