India Inc Clocks $11 Billion Deal Activity in May: Report
India’s corporate deal market recorded 196 transactions in May 2026, totaling roughly $11 billion. Excluding public market activity, 190 M&A and private‑equity deals accounted for $10.2 billion, a 10% dip in volume and a 53% drop in value versus April. Two billion‑dollar deals—one M&A, one PE—alone contributed 42% of the month’s value. Public‑market fundraising was modest, with two IPOs and four QIPs raising $782 million combined.
CAM, TT&A Guide Hygenco’s $105 Mn Raise to Scale Green Hydrogen Capacity in India
Indian green‑hydrogen producer Hygenco has secured a $105 million equity raise, roughly INR 900 crore, from a consortium led by the International Finance Corporation, Siemens Financial Services and Fullerton Carbon Action Fund. The transaction, advised by Cyril Amarchand Mangaldas and Talwar Thakore &...
Kiwi Targets Rs 5,000 Crore Premium Book with AI-Led Insurance Model
Kiwi General Insurance, backed by WestBridge Capital and veteran Neelesh Garg, has secured regulatory approval and a Rs 150 crore ($18 million) seed fund, with a further Rs 500 crore ($60 million) slated for this year. The startup plans to build an AI‑driven insurer that redesigns...
Atom Financial Services Group Acquires Sirius Capital, Launches Global Investment Banking Platform for Promoters Across India, the UAE and Singapore
Atom Financial Services Group completed its acquisition of UAE‑based Sirius Capital and launched Atom Investment Banking, a conflict‑free advisory platform for promoter‑led businesses in India, the UAE and Singapore. The new unit consolidates wealth management, investment banking, insurance broking and...
Meesho Partners with BSE to Accelerate SME IPO Readiness for MSMEs in India
Meesho, India’s largest e‑commerce platform, has launched Project Shikhar in partnership with BSE Ltd. The initiative, formalised by an MoU, aims to guide MSME sellers on Meesho’s marketplace toward listing on the BSE SME platform. By providing a structured pathway to...
IIFL Finance Nets $500 Million in Overseas Bond Sales
IIFL Finance raised $500 million by issuing a 3.25‑year dollar‑denominated bond priced at 7.6%. The issue attracted an order book of roughly $2 billion from large institutional investors, marking the first Indian dollar bond since ReNew Energy’s $600 million issuance in January. Proceeds...
The Great 2026 Stall: IPO Fundraising Falls to Two-Year Low with Fears that Second Half Could Be Sluggish
IPO fundraising in India fell to Rs 56,322 crore (≈$6.8 bn) in the first five months of 2026, a 32% drop from the same period last year and the lowest level since 2024. The slowdown reflects heightened geopolitical risk, volatile oil prices and...
Companies Look to Shrink Issue Sizes to Get IPOs Pass Through
India's securities regulator has allowed companies with approved IPOs to shrink their offer size by up to 50% without filing a new prospectus, prompting at least ten firms across NBFC, jewellery, food, packaging, healthcare and steel to consider cuts. SEBI...
Vodafone Idea Eyes ₹25,000 Crore SBI-Led Funding After AGR Relief
India’s third‑largest operator, Vodafone Idea, is in talks with a State Bank of India‑led consortium for a ₹25,000 crore ($3 bn) term loan and an additional ₹10,000 crore ($1.2 bn) working‑capital facility after the government cut its adjusted gross revenue (AGR) liability by 27%...
Companies Give Bond Street a Pass, Take Bank Route for Funds
Corporate borrowers in India are increasingly turning to banks as rising capital‑market yields erode the cost advantage of issuing bonds. The spread between one‑year bank lending rates and bond yields for AAA‑rated NBFCs has collapsed from 473 basis points in...
REITs, InvITs Beat Equities and Debt in a Six-Year Span
Alternative assets, specifically REITs and InvITs, have outperformed Indian equities and debt over the past six years, delivering a 12% annualised return versus 11.1% for the Nifty 50, 7.5% for debt funds and 6.5% for fixed deposits. The sector now manages...
India to Attract Major Share of EQT's $15.6-billion Asia Fund: EQT India Head
Private equity firm EQT says India will continue to capture the largest slice of its newly raised $15.6 billion Asia fund, roughly a third of total capital. The firm’s co‑investment model multiplies available equity by 1.6 times, expanding the deal‑making pool. Recent...
India’s Consumer Sector Sees Funding Dip but Deal Activity Surges in FY26
India’s consumer sector saw total funding drop to about $8.5 billion in FY26, down from $9.8 billion the prior year. At the same time, deal volume surged to 510 transactions, the highest since the pandemic, indicating a shift toward smaller, diversified investments....
Razorpay Plans Confidential IPO Filing Soon; Targets $600-700 Million Raise at $5-6 Billion Valuation
Razorpay is preparing a confidential IPO filing within weeks, targeting a $600‑$700 million raise at a $5‑$6 billion valuation, down from its $7.5 billion peak. The fintech recently completed a reverse flip to India, incurring roughly $150 million in tax costs, and reported FY25...
IIFCL to Double InvITs Exposure to Rs 6,000 Cr This Fiscal
India Infrastructure Finance Company Ltd (IIFCL) announced it will double its Infrastructure Investment Trust (InvIT) exposure to Rs 6,000 crore (approximately $720 million) by March 2027, up from the current Rs 3,000 crore ($360 million) across nine trusts. The move is part of a diversification strategy backed...