Did Indian Businesses Achieve M&A Deals Worth $11.4 Billion in August, the Highest Since June '22?
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Synopsis
August was a landmark month for Indian businesses, with a staggering $11.4 billion in M&A deals. This report uncovers the dynamics behind this surge and highlights the sectors leading these transactions, positioning India as a prime investment destination amidst global challenges.
Key Takeaways
- Indian businesses reported $11.4 billion in M&A activity for August.
- 89 M&A deals were recorded, the highest since June 2022.
- Significant contributions came from cross-border transactions.
- Private equity saw 123 deals totaling $1.8 billion.
- The retail and consumer sector led in deal volume.
New Delhi, Sep 8 (NationPress) Indian enterprises have executed 89 merger and acquisition (M&A) transactions valued at $11.4 billion in August, marking a record monthly volume and the highest valuation since June 2022, according to a report released on Monday.
Two significant cross-border deals – Schneider Electric’s $6.4 billion acquisition of a 35 percent stake in Schneider Electric India and Tata Motors’ $3.8 billion outbound acquisition of Iveco S.P.A – accounted for nearly 90 percent of the M&A value, as noted by Grant Thornton in its analysis.
The report indicates that domestic transactions comprised 79 percent of the volume, while cross-border transactions represented 95 percent of the total value.
In the realm of private equity, there were 123 deals totaling $1.8 billion, reflecting an increase in volume but a 10 percent decrease in value month-on-month (MoM).
The average deal size fell to its annual low at $14.8 million, with nearly 80 percent of transactions being below $50 million, indicating a trend toward consistent small-ticket activities.
The retail and consumer sector led in volume with 36 deals, whereas banking and financial services topped the value charts at $528 million.
Additionally, August witnessed a remarkable boom in IPO listings, with 15 companies securing $1.9 billion - the highest monthly fundraising figure in 2025.
In contrast, qualified institutional placements (QIP) fell to 5 deals worth $0.8 billion, a significant drop from 17 deals in July, as the report highlighted.
Sectors such as manufacturing, automotive, retail and consumer, and IT were among the leaders in finalizing deals during August, followed by banking and financial services, pharmaceuticals and healthcare, and real estate.
According to the report, August 2025 recorded a total deal value of $15.9 billion across 232 transactions.
This month distinguished itself through major cross-border M&A activities, sustained private equity momentum, and record IPO fundraising, reinforcing India’s position as a robust and appealing investment destination.
Point of View
The substantial M&A activities in August highlight India's growing stature as a desirable investment hub. The notable cross-border transactions and the influx of private equity illustrate a confident market. However, the decline in QIP deals suggests a need for ongoing vigilance in maintaining investor enthusiasm. Overall, the trends reflect a resilient economy poised for future growth.
NationPress
08/09/2025
Frequently Asked Questions
What was the total value of M&A deals in August?
The total value of M&A deals in August reached $11.4 billion.
Which sectors saw the most M&A activity?
The manufacturing, automotive, retail and consumer, and IT sectors led in M&A activity.
What percentage of M&A value came from cross-border deals?
Cross-border deals accounted for 95 percent of the total M&A value.
How many IPOs were recorded in August?
August recorded 15 IPOs raising a total of $1.9 billion.
What was the decline in QIP deals from July to August?
QIP deals dropped from 17 in July to 5 in August.
