The Indian economy grew by tremendous 8.4% during the 3rd quarter of the FY 2023-24, beating all forecasts. GDP performance was due to strong performance of manufacturing and construction. PayTM bank engulfed in a major crisis after RBI directed it to halt all deposits and credit transactions. The stock market continued to grow, supported by strong macroeconomic and corporate fundamentals, as the BSE Sensex closed at 72,500.30 by 1.04% and the Nifty 50 closed at 21,982.80 by 1.18%.
Key M&A and PE Deals includes of Eris Lifesciences acquiring majority stake in sterile injectable player, Swiss Parenterals Limited and PE funds Convergent and Samara Capital supported platform acquiring majority stake in, marketer of ACT II popcorn and Edible Oil Sundrop, Agro Tech Foods Limited. To read more, click here.
