Harsh Batra
It was a bumper week for Indian dealmaking in both volume and value.
This edition’s Deals Tracker logged 41 transactions, up from the 29 we counted last edition. Energy remained the busiest sector for a second straight week, accounting for 12 deals as solar, wind, oil & gas and grid-transmission players kept consolidating, with Industrials close behind on nine.
Public markets were just as crowded. Our news tracker counted more than 40 IPO-related stories this week, led by Jio Platforms’ push for what could be India’s biggest-ever listing – reports put demand above $20 billion ahead of its ₹30,213 crore offering opening 21 October.
It’s a world away from other markets: the London Stock Exchange raised just £577 million across seven IPOs in the whole of H1 2026, according to EY-Parthenon, a fraction of what Jio Platforms alone is targeting in a single float.
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Weekly summary | October 9-15, 2026
The Deals Tracker logged 41 confirmed deals this week, up from the 29 we counted last edition and the busiest week we’ve tracked.
Energy was the clear leader with 12 deals, as solar, wind, oil & gas and grid-transmission players did most of the consolidating: Maxgrow India acquired a 74% stake in Hurricane Windfarms, Power Grid Corporation bought the Jam Khambhaliya transmission SPV for ₹19.22 crore, and the Authum-Inox consortium completed its acquisition of Wind World (India) out of insolvency.
Industrials was close behind with nine deals, as auto-component and engineering consolidation continued: RR Kabel completed its acquisition of rival cable maker U M Cables, StarlinePS took a 33% stake in Celloraa Energy’s planned solar-cell manufacturing plant, and Embraer agreed to buy a 51% stake in Mahindra & Mahindra’s Novavayu aerospace joint venture.
The week’s single largest disclosed transaction was an asset sale rather than a stake deal: Ganesh Benzoplast agreed to divest its logistics storage terminal (LST) business for ₹1,154 crore to Cisternina Logistics, a platform backed by KKR.
The vast majority of this week’s deals were domestic. At least five crossed borders: inbound buyers included Brazil’s Embraer, and Canada’s Info-Tech Research Group, while outbound dealmaking saw India’s AXISCADES Technologies complete its acquisition of Switzerland’s Ulosia Holding AG and Univastu India acquire Cambium Networks’ ePMP enterprise business out of administration.
Rumour mill
- India first, orbit next: Skyroot eyes $300 million dual valuation plan
- MSETCL Said to Pick Banks for Up to $800 Million India IPO
- General Atlantic, ChrysCapital in talks to invest Rs 300-400 crore in ice cream brand Hocco; valuation may jump 80%
- FMCG majors eye stake in Farmley at potential ₹2,000 crore valuation
- Exclusive: Traya In Talks To Raise Around ₹300 Cr From Verlinvest
- Blackstone in talks to invest $400-500 million in defence tech firm Accord
- India: Prashanth Fertility in talks with PE, strategic investors to raise funding
- IHC, First Abu Dhabi eye stake in Bandhan Bank promoter
- Home-care firm Happi Planet explores fresh funding as revenue jumps
- National Fittings Executes MoU to Acquire Gujarat Land for New Facility
- NIIF plans $600 mn e-mobility platform Avega, 40% stake sale in AnantGrid power: MD & CEO Sanjiv Aggarwal | Mint
- Adani Enterprises, Jabil Sign MoU for 50:50 Data Centre Hardware Joint Venture
- AI startup Sarvam in talks for $300 million top-up; valuation may double to $3 billion
- Whizzo, started by ex-Zetwerk executive, in talks to raise $25 million from Bertelsmann India Investments
- JSW Energy, Gemstar & Actis vie for Polaris smart metering
- FMCG majors in race for big bite of snacks brand Farmley
- Bhagyanagar India signs ₹60 crore land deal with Om Sree Builders
- Aeroflex Neu Board to Consider Stilonn Valves Acquisition
- NTPC invites bids for 26% stake in industrial co-generation projects
- B2B ecom platform Udaan targets IPO by early 2028 as turnaround takes hold
- Alpha Wave might sell 1.6% stake in Lenskart for ₹1,691cr
- Thermax share price soars 7% on renewal energy arm stake sale buzz
- Wealth management startup InvesTek in talks with VCs, family offices for funding
- Gujarat State Fertilizers and Chemicals seeks partner for green ammonia factory in Gujarat
- Meghmani Organics NCLT Approves Subsidiaries Amalgamation
- Kati Patang Lifestyle to acquire 10% stake in NZ liquor delivery firm
Regulatory
Job moves
- YAAP Digital appoints Anjan Roy as Chairman, Managing Director & CEO
- Trident appoints Rahul Roongta as Group CFO, effective October 14
- TFCI Non-Executive Director Parkash Chand Resigns
- Nexedge Capital appoints former Avendus Wealth CEO Apurva Sahijwani as co-founder
- NIIT appoints Anish Kumar Sarkar as CEO, replaces Pankaj Jathar
- JTL Defence replaces CS and CFO; approves ₹246 crore rights issue
- DealShare CEO Kamaldeep Singh quits amid acquisition talks with Truemeds
- SBI Funds Management Appoints R.S. Srinivas Jain Joint CEO
- Paradeep Phosphates Appoints Raj Kumar Agrawal Independent Director
- Hindustan Oil Exploration appoints Debabrata Das as CFO from Oct 16
- Windlas Biotech appoints two independent directors; Vivek Dhariwal resigns
- Siddharth Nawal to succeed Dalip Sehgal as Nexus Select Trust CEO from 2027
- Saksoft Appoints Gurmeet Chahal as Chief Executive Officer to Lead its Next Phase of Global Scale and AI-led Transformation
- SML Mahindra names Surender Kalra as new CFO from Jan 1
- Raj Nayak resigns as Chairman & Managing Director of YAAP Digital
- Raghu Vamsi Aerospace Group appoints Dr. S K Jha as CEO, Advanced Materials Division
- RPSG Group appoints Harshad Jain as CEO of FMCG business
- Nazara Rejig: Mittersain Steps Down As MD, CFO Quits; CaratLane’s Sacheti Gets Executive Role
- Deepak Chhabria quits JioStar; steps down as Executive Vice President at Star Plus
- Cohance Lifesciences Appoints Abhimanyu Ojha as CFO
IPOs
- Jio Platforms set to bring India’s biggest IPO on Oct 21, seeks ₹30,213 cr
- Zetwerk raises ₹2,251 crore from anchor investors ahead of ₹5,012-cr IPO
- Tonbo Imaging IPO: Rs 255 Cr Raised from Anchor Investors
- String Metaverse Gets BSE Nod for ₹73.6 Crore Preferential Issue
- Sahajanand Medical Technologies raises Rs 140 crore via anchor book ahead of Rs 475-crore IPO
- SMC Global Preferential Issue of 1 Crore Warrants
- Ravita Engineering Services IPO opens today: Check GMP, price band and other key details
- Khaitan & Co, Trilegal act on Inox Clean Energy ₹10,000 crore proposed IPO
- India markets regulator tightens rules for small-firm IPOs
- Bonfiglioli Transmissions IPO to open on October 15; Anchor investors pick up Rs 759 crore worth of shares
- Jio Platforms Said to Draw More Than $20 Billion in Bids for IPO
- Elitecon International Board Clears Rs 1,000 Crore Fundraise Plan, Shareholder Approval Awaited
- Vaibhav Vyapaar IPO opens for subscription today: Check price band and other key details
- Merritronix H1 FY27 Revenue Jumps 90% to ₹106.37 Cr
- Ashish Kacholia, Kotak Life lead Fusion CX’s Rs 315-crore anchor book ahead of Rs 702-crore IPO
- Zetwerk sets IPO price band at Rs 143-151, seeks Rs 25,583 crore valuation
- Sahajanand Medical Technologies sets IPO price band at Rs 327-344 per share; issue opens on Oct 15
- RK Fashion Accessories shares list at 3% discount to IPO price on NSE SME
- Indian Gas Exchange secures Sebi’s nod to float IPO
- HD Fire Protect raises Rs 213 crore via anchor book; Rs 712-crore IPO to open on October 13
- Defence startup Tonbo Imaging fixes IPO price band at ₹665-700 a share
- Chocolates and treats maker Shellz India to open IPO on October 15, sets price band at Rs 170-179 per share
- Bonfiglioli Transmissions announces Rs 2,534-cr IPO; price band set at Rs 558-586/sh
- Zetwerk IPO: Fresh issue size raised to Rs 2,830 crore, OFS grows 49%
- Samara Capital, Morgan Stanley-backed Sahajanand Medical Technologies to launch 1.38-crore-share IPO on October 15
- Power transmission components maker Bonfiglioli Transmissions to open IPO on October 15, entirely an OFS by promoter
- Defence electronics equipment maker Tonbo Imaging IPO set to hit Dalal Street next week with pure OFS of 1.2 crore shares
- Fusion CX fixes IPO price band at ₹275-289 per share, issue size at ₹702 cr
- Zetwerk is said to plan up to $525 million India IPO next week
- TNA Solutions shares hit lower circuit after listing at 20% discount on BSE SME
- PTC Industries QIP Raises ₹180 Crore at ₹21,060/Share
- Vidhigya Associates acts on A-One Steels India ₹405 crore IPO
- Trilegal, CMS INDUSLAW act on J B Ecotex proposed IPO
- Legacy Law Offices acts on Auto Recycling Systems IPO
- Khaitan & Co, Verist Law, JSA, TT&A, Linklaters act on Anarock ₹1,000 crore proposed IPO
- Vishal Nirmiti shares list at 2% discount to IPO price on BSE, NSE – should you buy, sell or hold?
- Venus Pipes EGM Approves Preferential Share Issuance
- Vaibhav Vyapaar IPO to hit Dalal Street on October 13; price band fixed at Rs 50-52
- Ravita Engineering Services to launch Rs 116-crore IPO next week, sets price band at Rs 105-112
- Raconteur Global Resources shares listed on BSE after warrant conversion
- Nityas Gems and Jewellery shares list at 9% premium on BSE — should you buy, sell or hold?
- NSE SME Eventions struggles to hold ground after listing
- MIC Electronics Receives Preferential Share Trading Approval
- Avaada Electro Said to Plan $786 Million India IPO in November
- Alankit Allots 1.65 Cr Shares to Promoter
- Kotak Mahindra Life, Ashish Kacholia, Others Invest Rs 120 Crore In Fusion Cx Ahead Of IPO
Fundraising
- Parallel Loop Raises $6.6 Mn To Integrate AI Into Enterprise Workflows
- OXG Space raises Rs 17 crore from Aum Ventures, Skyroot founders Pawan Chandana, Bharath Daka
- India: Deeptech investor Shastra VC nears final close of $100m Fund III
- Hitachi Ventures leads $25m strategic round in chemicals platform Scimplify
- Former Dyson India MD Ankit Jain launches home appliances venture with Rs 12 crore funding
- YC-backed AI video creation startup Clueso raises $10 million led by Dharana Capital
- Nilekani-backed Fundamentum’s F2A raises Rs 3,000 crore for AI, deeptech fund
- Tessolve raises $75 million from US-based Vector Line Capital
