A total of 25 Mergers & Acquisitions (M&A) deals (pending and completed) were announced in the Oil & Gas of India, in the last twelve months resulting in a total deal value of over $1,082.8 million. In the LTM period, October 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $525.6 million, resulting in an average deal value of $262.8 million during that month. On the other hand, the month of June 2022 was the most prolific in terms of deal volume, recording a total of 4 deals, resulting in an average deal value of $40.9 million during that month.
Of the 25 deals, the deal secured between Reliance New Energy Solar Ltd and Sterling and Wilson Renewable Energy Ltd, was the largest M&A deal in the India Oil & Gas sector, which was valued at $525.5 million and was completed on October 10, 2021. The second-largest deal was between Adani Ports and Special Economic Zone Ltd and Ocean Sparkle Ltd, while the third-largest deal was between Abdul Latif Jameel Co Ltd and Greaves Electric Mobility Pvt Ltd.. The Adani Ports and Special Economic Zone Ltd-Ocean Sparkle Ltd deal and the Abdul Latif Jameel Co Ltd-Greaves Electric Mobility Pvt Ltd. deal were valued at $201.0 million and $150.0 million, respectively. The fourth-largest deal was between Rossari Biotech Limited-Unitop Chemicals Pvt. Ltd. valued at $57.8 million, whereas the deal between Maas Capital Shipping B.V.-BW LPG India Pvt Ltd valued at $50.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $984.4 million and accounted for nearly 90.91% of the total deals (by value) announced during the last twelve months.
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