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India Records 696 Deals Worth $36.9 Billion in Q3
India saw many kinds of business deals during the third quarter of 2026.
Altogether, 696 deals were worth $36.9 billion.
If IPOs and QIPs are left out, there were 608 mergers, acquisitions and private-equity deals.
There were more of these deals than in the previous quarter, but their combined value was lower.
Companies also raised a record $9 billion through 60 IPOs.
Another 28 public share offerings called QIPs raised $4.8 billion.
Investment coming into India grew strongly, while investment going out of India slowed compared with the previous quarter.
The report said the activity showed investor confidence and opportunities across different sectors.
India recorded 696 transactions worth $36.9 billion across M&A, private equity and public markets in Q3 2026.
Excluding IPOs and QIPs, 608 M&A and PE deals were worth $23.1 billion; volumes rose 8% quarter-on-quarter while values fell 36%.
M&A included 255 transactions worth $13.2 billion, with five billion-dollar deals totaling $7.9 billion.
Inbound deal value rose 2.6 times quarter-on-quarter to $4.2 billion, while outbound deal value fell 74% to $6.1 billion.
Sixty IPOs raised $9 billion, the highest quarterly IPO fundraising on record; 28 QIPs raised $4.8 billion.
- Who
- Businesses and investors involved in Indian M&A, private equity and public-market transactions; Grant Thornton Bharat reported the figures.
- What
- A total of 696 transactions worth $36.9 billion were recorded.
- Where
- India.
- When
- The third quarter of 2026.
- Why
- The report described the broad activity as reflecting continued investor confidence and opportunities across sectors.
Key facts
- Total activity
- 696 deals worth $36.9 billion
- M&A and PE, excluding IPOs and QIPs
- 608 transactions worth $23.1 billion
- M&A
- 255 transactions worth $13.2 billion
- IPO fundraising
- 60 IPOs raised $9 billion, a record quarterly total
- QIP fundraising
- 28 QIPs raised $4.8 billion
- Inbound activity
- Deal value rose 2.6 times quarter-on-quarter to $4.2 billion
- Largest sector by value
- Energy & Natural Resources, with 38 deals worth $3 billion
- Most active sector by volume
- Retail & consumer, with 113 deals worth $948 million
Quotes
Shanthi Vijetha
Partner, Growth, at Grant Thornton Bharat
“The breadth of activity across these channels reflects continued investor confidence in India and the depth of opportunities available across sectors.”
thehansindia.com
Sources
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