New Delhi, July 9 -- India's deal-making landscape cooled in Q2 2025, with overall deal volumes and values taking a hit amid ongoing global instability, according to Grant Thornton Bharat's latest Dealtracker report.

India Inc recorded 582 transactions (including IPOs and QIPs) worth USD 17 billion, down 13 per cent in volume and a sharp 48 per cent in value from the previous quarter.

The decline was largely driven by geopolitical and macroeconomic headwinds, including the Iran-Israel conflict, US policy uncertainty, and the prolonged Russia-Ukraine war.

The report further reveals that domestic M&A saw significant deceleration, with only one billion-dollar deal, Sumitomo Mitsui's USD 1.57 billion investment in YES Bank, compared to fou...