Union Budget was presented by Finance minister Nirmala Sitharaman on 1st February, stating that the Budget adopts seven priorities (Saptrishi) to guide India through the AmritKaal. Number of amendments were proposed including change in personal tax. We have covered changes related to M&A and transactions. Budget was cheered by the market. IPO pace slowed down in January.
Key M&A deal includes Dabur concluding acquisition of 51% majority stake in Badshah Masala and Private Equity deal includes PhonePe raising $350 million funding from General Atlantic. To read more, Click Here.