Did India Set a Record with $44.3 Billion in Deal Activity During Q3?

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Did India Set a Record with $44.3 Billion in Deal Activity During Q3?

Synopsis

India's deal market has reached unprecedented heights with $44.3 billion in transactions during Q3 2025. This surge showcases renewed investor confidence, particularly in the M&A sector. Discover the factors driving this growth, including robust private equity activity and a thriving IPO market.

Key Takeaways

  • 999 deals worth $44.3 billion in Q3 2025.
  • 64% increase in deal value compared to Q2 2025.
  • M&A activity led with 518 transactions.
  • 481 private equity deals worth $15.9 billion.
  • Impressive IPO market with 159 new listings.

New Delhi, Nov 3 (NationPress) The Indian deal landscape witnessed remarkable growth between July and September 2025, culminating in 999 transactions valued at $44.3 billion, as reported on Monday. This represents a 13 percent rise in deal count and a striking 64 percent increase in value compared to the prior quarter, according to PwC India's latest 'Deals at a Glance' report.

During the April–June quarter of 2025, there were 887 deals totaling $27 billion. The recent figures indicate that Q3 2025 marked the most robust quarter in the last six, reflecting a resurgence in investor confidence in India's economy.

Mergers and acquisitions (M&A) dominated the deal scene with 518 transactions valued at $28.4 billion, showcasing an 80 percent surge in value and a 26 percent boost in volume from the previous quarter.

On a year-on-year (YoY) basis, M&A deal volumes rose by 64 percent, while total value increased by 32 percent, driven by domestic consolidation and a growing interest in cross-border transactions.

Private equity (PE) activity also remained vigorous, with 481 deals amounting to $15.9 billion. This reflects a 41 percent increase in disclosed value and a slight 1 percent rise in volume relative to the previous quarter.

PE investments more than doubled in value compared to the same time last year, boasting a 121 percent increase, alongside a 36 percent rise in deal count.

This underscores the ongoing interest from investors in scalable and high-growth business models.

Mohit Chopra, Partner and Leader for Deals at PwC India, noted that the July–September quarter experienced a robust rebound in both deal activity and valuations.

“This growth was fueled by renewed confidence in India’s domestic consolidation narrative, expanding corporate balance sheets, and a stable macroeconomic backdrop,” he stated.

Chopra further mentioned that as sectors mature and capital accessibility improves, both strategic and financial investors are pursuing long-term value creation opportunities.

The report also highlighted a remarkable performance in India’s IPO market, with 159 new listings in Q3 2025, which includes 50 mainboard IPOs and 109 SME IPOs.

This marks a significant increase from the 62 IPOs in Q2 2025 and 65 in Q1 2025 -- representing a 156 percent sequential rise and the highest quarterly figure this year.

Point of View

It is evident that India's economic landscape is undergoing a significant transformation. The robust growth in deal activity highlights the nation's appeal to investors and the potential for further expansion. This trend signifies a strong foundation for sustainable growth, aligning with India's strategic vision for economic development.
NationPress
25/12/2025

Frequently Asked Questions

What was the total value of deals in India during Q3 2025?
The total value of deals in India during Q3 2025 was $44.3 billion.
How many deals were recorded in Q3 2025?
A total of 999 deals were recorded in Q3 2025.
What are the main drivers behind the growth in India's deal market?
The growth in India's deal market is driven by renewed investor confidence, domestic consolidation, and a stable macroeconomic environment.
What sectors contributed significantly to the deal activity?
Mergers and acquisitions (M&A) and private equity (PE) activities were the primary contributors to the deal activity.
How does the Q3 2025 performance compare to previous quarters?
Q3 2025 saw a 13% increase in deal count and a 64% jump in value compared to the previous quarter.
Nation Press