India’s Deal Market Soars To $16 Billion In July With Robust M&A, IPOs And QIPs

India’s deal market reached a historic milestone in July 2025, as 227 transactions amounting to $16.4 billion were recorded, according to Grant Thornton Bharat’s Dealtracker. The surge was fuelled by robust activity in mergers and acquisitions (M&A), private equity (PE) investments, and capital market fundraising through initial public offerings (IPOs) and qualified institutional placements (QIPs).

Excluding capital market deals, there were 200 transactions, marking an 18% month-on-month rise in volume and a 115% increase in value to $9.1 billion. The month witnessed three multi-billion-dollar transactions and 15 deals exceeding $100 million, reflecting strong investor confidence.

M&A Activity Registers Significant Gains

M&A deals totalled 83 in number, valued at $7 billion, representing a 41% increase in volume and a substantial 340% rise in value compared to June 2025. High-value domestic and outbound transactions led the growth, with a notable highlight being JSW Paints’ $1.5 billion acquisition of a 75% stake in Akzo Nobel India.

Private Equity Investments Maintain Momentum

PE activity was also buoyant, with 117 deals worth over $2 billion. Significant transactions included ChrysCapital’s $284 million buyout of Theobroma Foods and the Abu Dhabi Investment Authority’s (ADIA) $200 million investment in Micro Life Sciences.

July 2025 marked the strongest month for capital market activity in the year, with 10 IPOs raising $2.6 billion and 17 QIPs mobilising $4.8 billion. 

Sectors Driving The Surge

High-growth sectors fuelling deal momentum included retail and consumer, Information Technology and Information Technology Enabled Services (IT & ITeS), pharmaceuticals and healthcare, manufacturing, energy and natural resources, real estate, hospitality and leisure, and aerospace and defence.

Read More: Reliance's Campa Enters Sri Lanka in Partnership with Elephant House Beverages! 

Conclusion

The breadth and scale of transactions in July point to continued dealmaking strength in the second half of 2025, with diversified sector participation and a supportive investment climate expected to sustain momentum.

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