HORIZONS | BDO'S GLOBAL VIEWOF MID-MARKET DEAL ACTIVITY 43
INDIA HEAT CHART BY SECTOR
TMT
93 23% 77 19% 56 14% 53 13% 46 11% 43 10%
Industrials & Chemicals
Pharma, Medical & Biotech
Consumer
INDUSTRIALS & CHEMICALS * Kubota Corporation, the Japanese partner of Escort group, acquired a 6.49% stake in Escorts Finance Limited for USD 253m. FINANCIAL SERVICES • HSBC group acquired the mutual fund business of L&T Finance Holdings Limited (100% stake) for USD 425m • MetLife increased its stake in PNB MetLife India Insurance Company by acquiring a 15.27% stake from Elpro International and IGE India for USD 255m. LOOKING AHEAD The Indian Budget is set to be presented on February 2022 and all eyes are ears will be on the announcements. The capital market is largely driven by the budget announcements and as a result some volatility can be expected. On the macro side, the Indian Government is very serious about continuing to make India an attractive investment destination. It has launched the Production Linked Incentive Schemes for various sectors and this has resulted in huge interest from the larger multi-national corporations and domestic conglomerates. Even the tax collections (both direct and indirect taxes) have surpassed Government expectations, indicating that India’s growth momentum has remained intact.
Business Services Financial Services
Energy, Mining & Utilities
27
7%
Leisure
13 3%
Real Estate
2
0%
TOTAL
410
INDIA MID-MARKET VOLUMES BY SECTOR
2020
2021
69
148
6
21
2
4
35
54
8
51
29
41
23
23
16
23
42
47
Technology & Media
Financial Services
Energy, Mining & Utilities
Pharma, Medical & Biotech Real Estate
Consumer
Business Services
Leisure
Industrials & Chemicals
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