NDA coalition, led by BJP, is set to form the government third time in a row with comfortable majority of 293 seats. At the same time, I.N.D.I.A. block, led by INC, also made a strong comeback leading to meaningful opposition in parliament. Continuity of Government will make sure that India will continue macro-economic prudence and Indian growth story should continue unabated for coming years. Earlier in May, S&P Global raised India’s sovereign rating outlook to “positive” from “stable”, citing the country’s strong economic fundamentals. The equity markets remained stable and ended the month of May with the NSE Nifty 50 and the BSE Sensex closing at 22,531 and 73,961 respectively.
Key M&A and PE Deals includes of Arpwood Partners acquiring majority stake in SEWA Griha Rin (Sitara) and PE Fund Quadria Capital investing in dialysis network NephroPlus. To read more, click here.
