The latest transaction has taken the number of PE deals for the first five months of the year to five, against six such deals during the same period last year. According to data from Grant Thornton Bharat, the average deal size for the year so far stood at $268 million, against $784 million for the same period last year.

The court, while granting Birla permission to travel only to Egypt and UK, noted that he has travelled and returned to India on many occasions and has complied with all the conditions imposed on him.

In an interview with CNBC-TV18, Devansh Jain, the Executive Director of InoxGFL Group, expressed his optimism regarding the long-term transmission fee waiver. Jain believes that this will have a positive impact on transmission charges and pave the way for a brighter future for the industry. While the immediate effects may not be noticeable, he expects significant developments within the next 24 months.

The company clocked 37 percent growth in revenues for full year FY23, exceeding its own guidance of 25 percent. Net profits for full year grew to Rs 1,119 crore compared with Rs 611 crore in the same quarter of last year.