India’s transaction environment demonstrated notable momentum in July, marked by a sharp rise in strategic activity across mergers, acquisitions, private equity, and capital markets.
Monthly Dealtracker: August 2025
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.
Sector trends
Mega deals in the manufacturing and automotive sector boost values, while the retail and consumer sector continues to lead volumes.
Top sectors based on deal
volume
Top sectors based on deal value (USD billion)
Key insights from the Monthly Dealtracker: August 2025
August witnessed significant deal activity — record M&A volumes, landmark cross-border transactions, and a strong IPO market reaffirm India’s position as a resilient and attractive investment destination. While billion-dollar deals in manufacturing and automotive powered values, private equity continues to show steady momentum through smaller-ticket bets, reflecting both depth and diversity in the deal landscape.
Shanthi Vijetha
Partner, Due Diligence, Grant Thornton Bharat
August 2025 recorded 123 PE transactions amounting to USD 1.8 billion. Deal volumes held steady with preceding months, while values were broadly in line with May–July, reflecting a moderation from the March–April peak of over USD 7 billion rather than a structural slowdown.
Vishal Agarwal
Partner and Private Equity Group & Deals Tax Advisory Leader, Grant Thornton Bharat
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