ONGCNTPC Green's acquisition of Ayana Renewable Power for $2.3 billion marks the biggest M&A deal in Q1 2025.
Banking and financial services and energy and natural resources sectors saw a significant surge in deal values, accounting for 38% of overall deal values.
Overall M&A activity rose, with 228 deals valued at $15.8 billion, indicating a 15% increase in volumes and a 21% rise in values from the previous quarter.
Domestic M&A transactions reached a record quarterly high, with a 72% share of volumes and a 67% share of values.