New Delhi, Feb. 16 -- Deal activity in India began 2026 on a subdued note, with overall transaction volumes and values declining sharply in January amid the absence of large-ticket mergers and acquisitions (M&A), according to the latest Dealtracker report by Grant Thornton Bharat released here on Monday.
The report recorded 207 deals worth USD 7.2 billion in January 2026, including IPOs and QIPs, marking an 11 per cent drop in volumes and a steep 60 per cent decline in values compared to December 2025. Excluding public market issuances, 199 deals aggregated USD 5.9 billion, with volumes down 8 per cent and values falling 56 per cent month-on-month.
The moderation was largely attributed to softer M&A momentum, even as private equity (PE) i...