In the Indian consumer goods industry, there were 17 M&A deals announced in Q4 2023, worth a total value of $204.9m, according to GlobalData’s Deals Database. The $90m minority acquisition of JSW Paints by JSW Steel was the industry’s largest disclosed deal. GlobalData’s Consumer Goods Industry Mergers and Acquisitions Deals by Top Themes in 2023 report offers critical insights into the M&A activity in the industry and the key themes driving the top deals. Buy the report here.

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In value terms, M&A activity in India increased by 74% in Q4 2023 compared with the previous quarter’s total of $117.7m and fell by 66% as compared to Q4 2022. Related deal volume decreased by 15% in Q4 2023 versus the previous quarter and was 11% lower than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in India in Q4 2023 were Afco Capital India; Fedex Securities; Monarch Networth Capital with 1, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in India Q4 2023 were AZB & Partners; Khaitan & Co; Nishith Desai Associates with 2, 2, 1 deals respectively.

For further understanding of GlobalData's Consumer Goods Industry Mergers And Acquisitions Deals By Top Themes In 2023 – Thematic Intelligence, buy the report here.

This content was updated on 8 January 2024

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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 Acquisition, Asset transactions and Mergers.