India Sees $16.8 Billion in Deals in October, Driven by Big-Ticket Transactions

India recorded deals worth $16.8 billion in October across mergers and acquisitions (M&A), private equity, initial public offerings (IPOs), and qualified institutional placements (QIPs), according to a Grant Thornton Bharat report released on Wednesday.

The country registered 189 deals worth $10.6 billion across M&A and private equity (PE), reflecting a 13% decline in volumes, even as deal values surged 63% month-on-month.

The sharp rise in value was fuelled by three billion-dollar transactions totalling $5.9 billion and 11 high-value deals worth $3.1 billion, together contributing nearly 85% of the total deal value.

“Including public-market activity, the total deal count rose to 218 transactions worth $16.8 billion, marking a 134% jump in overall value despite a 6% dip in volumes compared to September 2025,” 

Banking and financial services dominated October’s deal landscape, featuring:

• the largest banking cross-border M&A deal,

• the biggest foreign investment in an Indian NBFC, and

• a $1-billion listing of an NBFC,
  according to Shanthi Vijetha, Partner, Growth, Grant Thornton Bharat.

  Explore More Insights

  For deeper insights into how India’s deal activity ties into long-term wealth creation, advisory excellence, and investor strategy, explore perspectives from
  Ranjit Jha (CEO)—a leader in bridging research-driven advisory with investor trust.

  To understand how Rurash Financials empowers investors through AIF access, unlisted opportunities, and structured wealth solutions, visit the official website.