Driven by record Mergers and Acquisitions (M&A) volumes, India deal activity hit Rs. 1,39,968 crore (US$ 15.9 billion) in August

India recorded transactions worth Rs. 1,39,968 crore (US$ 15.9 billion) in August 2025, led by two major cross-border acquisitions, according to Grant Thornton Bharat’s Dealtracker report. Deal volumes rose 3% MoM though overall value dipped 3%. Excluding capital market deals, mergers and acquisitions (M&A) and private equity (PE) transactions stood at Rs. 1,16,200 crore (US$ 13.2 billion) across 212 deals, a 7% increase in volume and 46% rise in value over July 2025. Partner, Growth, Grant Thornton Bharat, Mr. Shanthi Vijetha, said the robust activity underscored India’s resilience and appeal as an investment hub.
M&A volumes hit a record 89 deals valued at Rs. 1,00,354 crore (US$ 11.4 billion), the highest since June 2022, with Schneider Electric’s Rs. 55,899 crore (US$ 6.35 billion) stake purchase in Schneider Electric India and Tata Motors’ Rs. 33,275 crore (US$ 3.78 billion) acquisition of Iveco SPA, accounting for 90% of the value. PE activity remained steady at 123 deals worth Rs. 15,845 crore (US$ 1.8 billion), with large-ticket investments such as 360 One Asset’s Rs. 2,447 crore (US$ 279 million) in Brookfield Properties and Rising Sun Holdings’ Rs. 1,532 crore (US$ 174 million) in Poonawalla Fincorp. Sectorally, manufacturing and automotive led values, supported by Schneider and Tata Motors’ deals, while Information Technology (IT) and Information Technology Enabled Services (ITeS) followed with Wipro’s Rs. 3,301 crore (US$ 375 million) acquisition of Harman Digital Transformation Solutions (DTS) and Infosys’ Rs. 1,329 crore (US$ 151 million) investment in Versent. Banking and financial services doubled volumes from July, though healthcare, pharmaceuticals, and real estate moderated.

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