India's dealmaking hits record in July with US$ 16 billion across 227 transactions

India’s deal market hit a record in July 2025, with 227 transactions worth US$ 16.4 billion, according to Grant Thornton Bharat’s Dealtracker. Strong activity in mergers and acquisitions (M&A), private equity (PE) investments, and capital market fundraising through initial public offerings (IPOs) and qualified institutional placements (QIPs) fuelled the surge. Excluding capital market deals, there were 200 transactions, up 18% MoM, with deal values soaring 115% to US$ 9.1 billion. The month included US$ 3 billion transactions and 15 deals above US$ 100 million, highlighting robust investor sentiment.
M&A deals totaled 83, worth US$ 7 billion, representing a 41% rise in volume and a 340% jump in value from June, led by high-value domestic and outbound transactions, including JSW Paints’ US$ 1.5 billion acquisition of a 75% stake in Akzo Nobel India. PE activity comprised 117 deals worth over US$ 2 billion, with major investments such as ChrysCapital’s US$ 284 million buyout of Theobroma Foods and ADIA’s US$ 200 million investment in Micro Life Sciences. Capital markets recorded their strongest month of the year, with 10 IPOs raising US$ 2.6 billion and 17 QIPs mobilising US$ 4.8 billion. High-growth sectors driving deal momentum included retail & consumer, Information Technology and Information Technology Enabled Services (IT & ITeS), pharmaceuticals & healthcare, manufacturing, energy & natural resources, real estate, hospitality & leisure, and aerospace & defence. This breadth of activity points to continued dealmaking strength in H2 2025.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.