Amarchand maintained its standing as India’s clear M&A leader topping the annual chart for the third year in a row.

Despite meagre pickings, Desai & Diwanji, Khaitan & Co, AZB & Partners and Amarchand Mangaldas have topped an M&A league table, together advising on 30 Indian deals worth a total of $9.4bn in the last six months.