Where the smart money is going: India's most valuable deals of October 2025
- IBEF
- November 14, 2025
India’s corporate deal activity surged in October 2025, with five mega transactions driving total deal value to a record Rs. 1,49,033 crore (US$ 16.8 billion). The month saw 69 mergers and acquisitions (M&A) worth Rs. 62,097 crore (US$ 7 billion) and 120 private equity (PE) transactions valued at Rs. 31,936 crore (US$ 3.6 billion), even as deal volumes dipped. These deals propelled the banking and financial services sector to contribute 44% of the total deal value for the month.
Key deals included Jindal Power’s Rs. 4,036 crore (US$ 455 million) acquisition of Jhajjar Power, RateGain’s Rs. 2,218 crore (US$ 250 million) purchase of Sojern in the travel-tech space, and the Telangana government’s Rs. 2,014 crore (US$ 227 million) buyout of L&T Metro Rail Hyderabad. On the PE front, Blackstone’s Rs. 6,254 crore (US$ 705 million) stake in Federal Bank and Dhan’s Rs. 1,065 crore (US$ 120 million) round underscored investor confidence in India’s consumer-tech and fintech sectors, signalling sustained optimism in the country’s dealmaking environment.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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