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In this report, we have analysed control deals for Indian listed companies
launched by PE investors in the last 5 years.

Deals analysed in this report were implemented through the tender offer route
under the Securities and Exchange Board of India (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011.

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₹ 12,000 ₹ 11,397 7

6
6 6
₹ 10,000

5
5
₹ 8,000

₹ 6,311 4

₹ 6,000

3 3
₹ 4,493
₹ 3,811
₹ 4,000
2

₹ 2,000
1 1
₹ 713

₹0 0
2019 2020 2021 2022 2023

Offer Size (in INR crore) No. of Offers

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₹ 14,000 6
5 ₹ 12,288
₹ 12,000
5

₹ 10,000
4 4

₹ 8,000
4
3 3
₹ 5,913
₹ 6,000

2 2
₹ 3,934
₹ 4,000
1 1 ₹ 2,605
1 1
₹ 2,000 ₹ 1,187
₹ 411 ₹ 326
₹ 61
₹0 0

Offer Size (in INR Crore) No. of Offers

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