Key Points

Indian businesses recorded a remarkable $11.4 billion in M&A deals during August 2025. Two massive cross-border transactions dominated the landscape, accounting for nearly 90% of the total value. The month also saw strong private equity activity with 123 deals worth $1.8 billion. Additionally, IPO fundraising reached record levels with 15 companies raising $1.9 billion, marking the highest monthly total for the year.

Key Points: Indian M&A Hits $11.4 Billion August Record Led by Schneider Tata

  • Schneider Electric's $6.4 billion acquisition of 35% in Indian unit
  • Tata Motors' $3.8 billion outbound deal for Iveco S.P.A
  • Domestic deals dominated 79% of transaction volumes
  • Private equity recorded 123 deals worth $1.8 billion
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Indian businesses record M&A worth $11.4 billion in August, highest in value since June '22: Report

India's M&A activity surged to $11.4 billion in August 2025, the highest since June 2022, driven by major cross-border deals from Schneider Electric and Tata Motors.

Indian businesses record M&A worth $11.4 billion in August, highest in value since June '22: Report
"The month stood out for mega cross-border M&A, steady PE momentum, and record IPO fundraising - Grant Thornton Report"

New Delhi, Sep 8

Indian businesses have seen 89 merger and acquisition (M&A) deals worth $11.4 billion in August, registering a record monthly volume and the highest value since June 2022, a report said on Monday.

New Delhi, Sep 8 (IANS) Indian businesses have seen 89 merger and acquisition (M&A) deals worth $11.4 billion in August, registering a record monthly volume and the highest value since June 2022, a report said on Monday. "Two landmark cross-border deals – Schneider Electric’s $6.4 billion acquisition of 35 per cent in Schneider Electric India and Tata Motors’ $3.8 billion outbound acquisition of Iveco S.P.A – contributed nearly 90 per cent of Merger and Acquisition value," Grant Thornton said in its report.

As per the report, domestic transactions made up 79 per cent of volumes, while cross-border accounted for 95 per cent of values.

In the private equity segment, 123 deals worth $1.8 billion were recorded, which is up in volumes but down 10 per cent in value month-on-month (MoM).

"The average deal size fell to the year's lowest at $14.8 million with nearly 80 per cent of deals below $50 million, showing consistent small-ticket activity," the report highlighted.

The retail and consumer sector led the volumes with 36 deals, while banking and financial services topped values at $528 million.

Meanwhile, the month saw a record surge in IPO listings with 15 companies raising $1.9 billion - the highest monthly fundraising in 2025.

However, qualified institutional placement (QIP) slowed to 5 deals worth $0.8 billion, compared to 17 in July, the report stated.

Manufacturing, automotive, retail and consumer, and IT sectors are among the top sectors finalising deals in August, followed by banking and financial services, pharma and healthcare, and real estate.

As per the report, August 2025 recorded $15.9 billion in total deal value across 232 transactions.

"The month stood out for mega cross-border M&A, steady PE momentum, and record IPO fundraising, reaffirming India’s strong position as a resilient and attractive investment destination," the report noted.

- IANS

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Reader Comments

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Priya S
While the big numbers look impressive, I'm concerned about the concentration - just 2 deals made up 90% of the value. Hope this growth is more broad-based across sectors and smaller companies too.
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Aditya G
Record IPO listings too! 🚀 15 companies raising $1.9B shows investor confidence in Indian markets. This is exactly what our startup ecosystem needs - strong exit opportunities for early investors.
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Sarah B
Interesting to see retail and consumer sector leading in number of deals (36). Shows the growing consumption story in India. More disposable income = more M&A activity in consumer goods!
Karthik V
The fact that 80% of deals were below $50M shows healthy activity at SME level too. Not just big corporates but smaller businesses are also consolidating and growing. Good for employment generation!
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Michael C
Cross-border deals accounting for 95% of value shows global companies see India as strategic market. Schneider Electric investing $6.4B here is a strong vote of confidence in our economy.

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