The Reserve Bank of India’s ( RBI ) recent move to permit domestic lenders to finance acquisitions may open the door for them in sectors such as pharmaceuticals & healthcare, energy, infrastructure, industrials and renewables, said top investment banking sources. These segments have seen consolidation in the last few years, data from EY show, with as many as three big M&A deals valued at $1-3 billion reported in these verticals in the first half of this calendar year.

India Inc’s total investment activity in the first half of this year touched $50 billion across M&A and PE deals, 16% below the same period last year, but in line with the trend seen in H12023, when total investment activity stood at $50.4 billion, according to EY data. M&A and PE deals in H12025 were nearly evenly split a

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