India Sees Record $11.4 Billion in M&A Deals in August 2025, Boosted by Two Mega Acquisitions

New Delhi, Sept 8 – Indian companies saw a major boost in business deals this August, with 89 mergers and acquisitions (M&A) worth a total of $11.4 billion — the highest monthly value since June 2022, according to a new report.

The big jump was mostly thanks to two massive international deals:

• Schneider Electric bought a 35% stake in Schneider Electric India for $6.4 billion, and

• Tata Motors acquired Italy’s Iveco S.P.A in a deal worth $3.8 billion.

Together, these two deals made up nearly 90% of the total M&A value for the month.

Most of the deal activity (79%) came from within India, but cross-border deals made up 95% of the value, showing how important global partnerships were this month.

In the private equity (PE) space, there were 123 deals adding up to $1.8 billion. While the number of deals went up, the total value dropped 10% compared to July. The average deal size fell to $14.8 million, the lowest so far this year. About 80% of these were small deals under $50 million.

The retail and consumer sector led in number of deals (36), while banking and financial services had the highest value at $528 million.

August also saw a record month for IPOs, with 15 companies raising $1.9 billion — the most raised in a single month in 2025. However, qualified institutional placements (QIPs) slowed down to 5 deals worth $800 million, down from 17 in July.

Sectors that were most active in August included manufacturing, automotive, retail, IT, banking, pharma, and real estate.

In total, August saw 232 deals valued at $15.9 billion. The report called the month a strong sign of India’s growing role as a reliable and attractive place for investment.