In India, there were over 300 mergers and acquisitions, contributing $22 billion in value from January-August. These M&As were spread evenly across cross-border and within India transactions. Telecom, agriculture and forestry, pharma and manufacturing, among others, witnessed big ticket deal values of over $100 million each.
The banking and financial sector led the deal activity contributing over 30 percent of total deal value driven by the $777 million HDFC Life‘s merger with Max Life creating India’s largest private sector life insurance company with market value of $10 billion, reports the Economic Times.
Grant Thornton India LLP Partner Prashant Mehra said, “What is driving this growth is obviously the optimism in the country coupled with the fact that the macro-economic factors such as inflation, GDP growth, FDI, seem positive.” Mehra expects a further rise in deal activity driven by the need for consolidation primarily in the infrastructure and manufacturing sectors.
Last updated: December 26th, 2025
