The Union Budget 2024-25 was announced by Finance Minister Nirmala Sitharaman on July 23, 2024. The budget aimed to create a robust and sustainable economic framework for all citizens of India in pursuit of Developed India, also emphasizing next generation reforms. The equity markets experienced volatility with the new reforms introduced in Budget relating to capital gains tax and the STT on derivatives, despite that investors have remained bullish and ended the month of July with the NSE Nifty 50 and the BSE Sensex closing at record high of 24,857 and 81,455 respectively.
Key M&A and PE Deals includes of Mankind Pharma acquiring 100% stake in Bharat Serums and further consolidating its presence as a market leader in the Indian women’s health and fertility drug market and PE Fund KKR Acquires Controlling Stake in Baby Memorial Hospital. To read more, Click here.
