India Dealflow Desk

Craftsman Automation completed its June 2026 QIP, allotting 2.30 million shares at ₹8700 to raise ~₹2000 crore for growth and general corporate...

NSE's DRHP filing for India's largest ₹30,000-crore IPO marks the end of a nearly decade-long regulatory wait complicated by hurdles and the...

Capital Markets Activity

• 🔥 NSE IPO Filing: India’s largest stock exchange NSE has filed papers for an IPO that will be entirely an offer for...

NSE's full OFS structure enables large domestic and foreign shareholders including SBI, CPPIB and Temasek to pare stakes in India's dominant...

The UK-India FTA takes effect July 15 after steel tariff concerns were resolved, with India confirming 85% of exports unaffected and quotas protecting...

India's healthcare M&A is accelerating with over USD 3.5 billion invested in 2025-26, driven by global and domestic capital.

Key developments:
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HCLTech leads Sarvam AI's $234 million round valuing the Bengaluru startup at $1.5 billion, marking a new phase for India IT majors as strategic backers in sovereign AI.

KIMS's ₹1,500 crore QIP, priced at ₹755 per share for 19.86 million fresh shares, deploys a narrow 3% discount to current market price. This structure...

India's InvIT sector posted strong FY26 growth with Rs 7,719 crore distributed in Q4 alone, pushing cumulative payouts past Rs 91,000 crore. These...

• Core Deal: Meta leases 168MW AI data center from Reliance in Jamnagar, operational in two years.
• Existing Ties: Builds on Meta's $5.7B Jio...

Razorpay's confidential $600 million IPO filing via the private SEBI route signals how fintechs are timing public debuts amid volatility, with bankers...

A practical guide to India–Netherlands cross-border M&A details deal structures, FEMA/FDI compliance, DTAA tax benefits, and Dutch holding company...

Large-Scale Acquisitions

• 🔥 Adani-IntelliSmart Deal: Adani Energy Solutions Ltd has entered into a definitive agreement to acquire the entire...

• Landmark first: Meta signs its initial AI data centre deal in India, partnering with Reliance for a Gujarat project
• Capacity boom: India's...

• Deal Structure: AESL acquires full equity in IntelliSmart plus redeems NIIF-held optionally convertible debentures for ₹3,050 crore, a share...

IPO Filings

• Zepto IPO: Zepto filed for an IPO potentially valued at $1 billion, reporting FY2026 operating revenue of ₹115.5 billion, advertising...

Zepto's draft prospectus reveals operating revenue jumping 104% to ₹115.5 billion while net losses widened to ₹59.1 billion, with fresh capital raise...

May saw 190 M&A/PE deals at $10.2B, down from April's $21.8B spike driven by Sun Pharma's $11.8B outlier. Excluding that, underlying activity held...

May recorded $11 billion across 196 transactions, with volumes down 10% and values down 53% from April's Sun Pharma-driven peak. Excluding that...

Kuku’s Rs 3,500 crore IPO, targeting up to Rs 15,000 crore valuation via fresh issue and OFS, marks the first microdrama-led listing and will test...