Despite a global M&A boom reaching $4.8 trillion in 2023, the value generated remains low, with a few mega-deals inflating headline figures while smaller transactions have declined. Technology led acquisitions, but studies suggest 70-75% of mergers fail to meet expectations due to issues like leverage, regulation, and complexity. Indian examples like Tata-Corus and Vodafone-Idea illustrate these challenges, with even public sector bank mergers facing efficiency hurdles.