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India’s deal activity in August 2025 reflected strong momentum across mergers, acquisitions, private equity, and public listings. The month recorded consistent growth in volumes, supported by landmark cross-border transactions and steady private equity participation. Manufacturing and automotive sectors led values, while retail and consumer remained dominant in volumes. Our August 2025 Dealtracker edition captures this dynamic with a detailed overview of sectoral movements, investment patterns, and deal structures. It also outlines trends in IPOs and QIPs, highlighting the role of smaller-ticket transactions and sector-specific shifts. It offers a comprehensive view of how dealmaking evolved through the month, shaped by both domestic and international interest.
M&A activity recorded 89 deals worth USD 11.4 billion, the highest monthly value since June 2022 and record monthly volumes. Values surged on the back of two billion-dollar transactions totaling USD 10 billion. These two deals accounted for nearly 90% of total M&A value.
Private equity activity witnessed month-on-month growth trend since June 2025, with 123 deals in August worth USD 1.8 billion. While deal values slipped 10% month-on-month and average deal size fell to the lowest this year (USD 14.8 million) on back of dominance of smaller-ticket transactions.
Manufacturing and automotive dominated values, jointly contributing 79% of the total, supported by the two billion-dollar mega deals. Meanwhile, the retail and consumer sectors remained the leaders in volumes, though deal sizes trended smaller.
