At 11.5 billion dollars the TMT (technology, media and telecom) sector leads the M&A market in India. TMT claimed six of the top 10 largest deals in the country in Q1 202. PVR's merger with INOX is up to 1.6 billion transaction will make PVR the largest multiplex chain operating in India. The Vodaphone's sale of 21% of its residual stake to Indus Tower comes close at 1.5 billion dollars.
From studies there shows a huge interest of foreign countries towards India, where the US invested about 35% of invested dollars. India's economy has shown a robust growth in 2022, and the IMF has projected 8.2% GDP growth in 2022, making it the fastest growing major economy and doubling the expected pace of growth in China. The median length of time for a new deal or asset sale or merger to launch and close on Datasite has increased by 5% year over year so far this year while deal preparation time is also rising up 31 % over the same period. This means many deal makers are ready to go but haven't launched their project just yet. Also observing the rate of Q&A between potential buyers and sellers climb, as deal makers focus on uncovering anything that could lead to post value deal destruction.
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