The total number of deals in January in India rose 11 per cent on the previous month, but the value of the deals saw a 42 per cent decline, according to Grant Thornton Bharat in its monthly deal tracker. One large deal in the previous month accounted for the fall..
Last month, there were 217 deals valued at $9 billion. These deals included mergers and acquisitions, private equity transactions, initial public offers, and qualified institutional placements.
M&As accounted for $5.4 billion, PE deals $2.1 billion, $1 billion was raised from 12 IPOs and $500 million from 7 QIPs, the data showed.
January 2025 started strong for deal activity, building on the momentum from 2024, GT Bharat said, explaining that the decline in value was due to a large merger deal of $5 billion that was seen in December.
M&As and PE transactions have been rising since last November. M&As, in particular, saw good activity rising 15 per cent, with domestic activity accounting for 72 per cent of the total, though values fell 30 per cent.
Some major M&A transactions during the month were acquisitions by Adani Group, HDFC Bank, Kore Digital, JSW Group, Sumitomo Mitsui Financial Group, Tata Group, Supreme Facility Management, and Coforge.
PE deal volumes and values also saw significant growth, with two $1 billion deals accounting for close to 40 per cent of the total. Retail, IT& ITes and pharma, healthcare, and biotech drove deal volumes, while retail and energy sectors dominated deal values.
“As 2025 unfolds, the new Union Budget is expected to be a key driver for shaping investment trends in the year across multiple sectors. With policy support and strategic budget allocations, it sets the stage for boosting economic growth and heightened deal making activity,” said Shanthi Vijeta, Partner, Due Diligence.