This yr, India Inc. witnessed a major variety of company offers happen, with over 649 mergers and acquisitions introduced. The web worth of those M&A’s is estimated to have crossed $25 billion.
The main company offers this yr spanned banking, finance, vitality, infrastructure, and prescription drugs. In 2025, whereas Adani Enterprises and JSW Power acquired debt-ridden corporations by the insolvency course of, the monetary sector noticed main stake acquisitions in companies corresponding to Shriram Finance and RBL Financial institution.
Here’s a take a look at the most important company offers introduced and accomplished in 2025-
Adani Enterprises’ Jaiparkash Associates acquisition
Adani Enterprises is about to take over Jaiprakash Associates, having obtained collectors’ approval. The corporate bid of 13,500 crore, about $1.53 billion. Adani Enterprises outbid Vedanta for Jaiprakash Associates, regardless of the latter’s greater bid of Rs 17,000 crore.
The collectors of Jaiprakash Associates, principally Indian banks, most popular Adani Enterprises over Vedanta because it provided a bigger upfront fee, the report added. The decision plan is submitted to the Nationwide Firm Regulation Tribunal for approval of the takeover.
ONGC-NTPC acquires Ayana Renewables for $2.3 billion
In February this yr, ONGC-NTPC Inexperienced acquired Ayana Renewable Energy from the Nationwide Funding and Infrastructure Fund, British Worldwide Funding, and Eversource Capital at an enterprise worth of Rs 19,500 crore, or roughly $ 2.3 billion.
The acquisition was one of many largest offers of the yr and the second-largest acquisition within the renewable vitality sector within the nation, following Adani Inexperienced Power’s acquisition of SB Power India for $3.5 billion in October 2021.
MUFG buys 20% stake in Shriram Finance
Japan’s Mitsubishi UFJ Monetary Group Inc. (MUFG) introduced the acquisition of a 20 per cent stake in NBFC firm Shriram Finance for Rs 39,618 crore ($4.4 billion). This is likely one of the largest cross-border investments in India’s monetary business.
JSW Power’s KSK Mahanadi Energy acquisition
In March, JSW Power acquired KSK Mahanadi Energy Firm, a 3,600 MW thermal energy plant in Chhattisgarh, for Rs 16,084 crore by the insolvency course of.
JSW Power emerged as the very best bidder for KMPCL, surpassing Adani Energy in an public sale concluded in October final yr. Late this yr, JSW Power additionally accomplished the acquisition of Raigarh Champa Rail Infrastructure, by which it held a major oblique stake by the KMPCL acquisition.
Torrent Pharma buys 46% stake in JB Chemical substances.
Torrent Prescription drugs‘ important stake buy in JB Chemical substances marks one other important M&A within the Indian company sector. The deal might be accomplished in two phases. Within the first section, Torrent will purchase KKR’s 46.39% stake in a personal fairness firm by a share buy settlement valued at Rs 11,917 crore. It additionally plans to accumulate as much as 2.80% further shares from sure workers of JB Chemical substances, amounting to an estimated Rs 719 crore.
Following this, Torrent will provoke a compulsory open provide to accumulate as much as 26% of JB Chemical substances’ shares from public shareholders. The open provide might be made at Rs 1,639.18 per share, doubtlessly costing Torrent round Rs 6,842.8 crore.
Emirates NBD acquires 60% stake in RBL Financial institution.
Emirates NBD Financial institution acquired a controlling 60% stake in RBL Financial institution by a Rs 26,853-crore preferential fairness infusion.
The deal marks the most important international direct funding in India’s monetary companies sector up to now. Emirates NBD might be allotted as much as 959 million fairness shares at Rs 280 per share.
In accordance with an EY report, within the first three quarters of fiscal yr 2026, India Inc. signed 649 offers, totalling $26 billion in worth. The M&A actions in Q3 FY26 have been 37 per cent greater than Q3 FY25.
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