Top Corporate Deals of India Inc in 2025: RBL Bank, Shriram Finance, and Others Explained

The year 2025 turned out to be an active one for corporate India, with deal-making picking up pace across sectors. According to industry estimates, over 649 mergers and acquisitions were announced, with the total deal value crossing US$25 billion. 

Here is a look at the key deals of the year. 

Emirates NBD Acquired 60% Stake in RBL Bank

This deal marked the largest foreign direct investment in India’s financial services sector, strengthening RBL Bank’s capital base and highlighting rising global interest in Indian banks. The transaction involved a ₹26,853-crore preferential equity infusion, giving the Dubai-based bank a controlling stake.

MUFG Acquired 20% Stake in Shriram Finance

This was a major transaction worth ₹39,618 crore. It has become one of the largest cross-border investments in India’s non-banking financial sector. The deal with Shriram Finance underscored investor confidence in India’s consumer finance space and highlighted the growing role of global institutions in domestic lending businesses.

Torrent Pharma Acquired Over 46% Stake in JB Chemicals 

In pharmaceuticals, Torrent Pharmaceuticals acquired a 46.39% stake in JB Chemicals for ₹11,917 crore. The deal is set to expand Torrent’s footprint, with an additional open offer planned for public shareholders.

What Were the Top Deals in India’s Energy Sector in 2025?

• JSW Energy acquired KSK Mahanadi Power Company (3,600 MW thermal plant) for ₹16,084 crore through the insolvency route, boosting its generation capacity.
• Adani Enterprises received creditor approval to acquire Jaiprakash Associates for ₹13,500 crore, outbidding Vedanta due to a higher upfront payment; regulatory approval is pending.
• ONGC and NTPC Green acquired Ayana Renewable Power for ₹19,500 crore, marking one of India’s largest renewable energy deals and expanding its clean energy portfolio.

Read more: India’s Top Car Sellers in 2025: Maruti, Hyundai and Tata Lead the Sales Chart.

Conclusion

The top corporate deals of India Inc in 2025 highlight a clear shift towards consolidation, foreign investment, and insolvency-led acquisitions. Transactions involving RBL Bank and Shriram Finance led the year, while energy and pharma deals reinforced long-term growth strategies. For investors, these deals signal evolving sector dynamics and a more mature M&A environment in India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.