Author
Harsh Batra
Harsh Batra
It’s good to be back after a brief holiday during August. And we return to a busy week for Indian dealmakers, with 27 transactions tracked across real estate, pharma, tech and fintech.
One of the standout stories is Tata Motors’ €3.82 billion all-cash tender offer for Italy’s Iveco Group, one of the largest outbound acquisitions by an Indian automaker and a defining moment for Europe’s commercial vehicle sector.
And in other news this week:
- Novartis India bought Pfizer’s Minipress brands for ₹1,250 crore, expanding its cardiovascular portfolio.
- UpGrad closed its acquisition of Unacademy at a $206 million valuation, folding one of India’s best-known edtech names into its stable.
- Udaan agreed to buy Swiggy’s B2B distribution arm Lynk for ₹500 crore in an all-stock deal.
Thanks for reading, and connect with me on LinkedIn if you want to discuss how I can help with your next M&A deal.
Weekly summary | From September 3 to 10, 2026
Land was one of the themes of the week. M3M paid the Noida Authority a record ₹2,000 crore for a land parcel in the city, while Shalimar Corp secured a 3-acre Lucknow plot for ₹450 crore, the highest price ever paid for land in a tier-2 city.
Real estate wasn’t the only sector consolidating: Novartis India bought Pfizer’s Minipress brands for ₹1,250 crore, Somerset-backed Cyrix Healthcare picked up Blue Star’s medtech business, and the Moopen family added to its stake in hospital chain Aster DM Healthcare for ₹350 crore.
Tech and e-commerce had their own reshuffle. UpGrad closed its long-signalled acquisition of Unacademy at a $206 million valuation, Udaan agreed to buy Swiggy’s B2B distribution arm Lynk for ₹500 crore in an all-stock deal, and SoftBank Vision Fund sold its remaining stake in Meesho, advised by J.P. Morgan.
Elsewhere, Bajaj Finance took a 5% stake in TrueFan AI, and Adani Power signed a letter of intent to acquire GVK Energy.
Further down the order book, Kesar Enterprises sold its Baheri sugar undertaking to Avadh Foods for ₹431 crore, Vishnu Chemicals entered a joint venture with France’s DCX Chrome, and GE Shipping ordered a new Kamsarmax dry bulk carrier.
Jobs Highlights
Rumour mill
- Volkswagen explores partnership with JSW Group in key India market
- LIC expects no immediate government stake sale, eyes long-term growth: CEO
- Sun Pharma gets ratings boost from Moody’s, S&P over USD 11.75-bn Organon & Co acquisition bid
- Brookfield’s ₹2500 crore Bikaner renewable energy portfolio acquisition: Inox Clean Energy, Purvah Green Power lead race
- Variman Global withdraws proposed Ecogenics stake acquisition
- RIL share price: Stock in focus on Rs 12,500 crore bond sale report, Jio IPO update
- IDBI Bank-Fairfax Deal Likely Delayed After Rs 53,000 Crore Offer, Sources Say
- SBM Bank India plans 26% stake sale, appoints consultant
- Fairfax to exit IIFL Finance before likely IDBI Bank deal; Blackstone emerges as suitor
- Tata Motors shares in focus as firm launches tender offer for Iveco Group; values company at €3.82 billion
- Temasek brewing a $100 million bet on Blue Tokai
- Blackstone said to weigh buying stake in IIFL Finance: Report
- Consumer startups The Health Factory, Atomberg, The Pant Project in talks to raise fresh funding
- RPG Life Sciences to deploy Rs 500 crore in next 12 months to bolster manufacturing, API capabilities
- Novartis India to pursue therapy-aligned acquisitions; eyes expansion in Tier 2 and Tier 3 markets
- Morgan Stanley PE Asia explores Omega-ClearMedi merger in India
- Tata Motors’ Iveco takeover offer gets Consob approval; acceptance period to begin September 7
Regulatory
- RBI approves ICICI Prudential AMC to acquire upto 9.9% in AU Small Finance Bank
- ICICI Prudential Mutual Fund gets RBI nod to raise stake in 4 banks to 9.95%
- SEBI lifts ban on JPMorgan unit Copthall, Mansi over index manipulation charge; CAS restriction stays
- RBI approves ICICI Prudential AMC to buy up to 9.95% stake in CSB Bank
- Pitti Engineering Receives NCLT Nod for Merger of Two Subsidiaries
- AIFs seek status quo as ‘foreign control’ rules go for a recast
- KONE, TK Elevator seek CCI nod for India business merger after €29.4 billion global deal
- NCLT approves Shree Naman’s Rs 1,800 cr bid for Gstaad, Neo Hotels
- JSW Dulux receives ₹48.59 Cr GST notice for input tax credit disallowance
- CCI Rejects Interim Relief as DG Investigation Into Competition Claims Remains Pending
Job moves
- India’s Coforge chairman Bhatt resigns after audit finds concerns in board evaluation
- Comviva announces Kalyanasundaram Sivasubramaniam to lead the DigiTech Business, Accelerating Platform-Led Growth and AI Transformation
- FincFriends Appoints Ajit Singh as Chief Risk Officer to Strengthen Risk Governance and Sustainable Growth
- Whatfix appoints co-founder Vara Kumar as CEO following Khadim Batti’s demise
- Laxmi Organic Industries appoints Harshvardhan Goenka as MD & CEO
- GMR Sports elevates Ankit Baldi to CEO
- Pavitra Gupta joins InMobi as VP and GM – India
- India Wealth Fund Hires Ex-PAG Exec to Lead Global Fundraising
- Asian Paints names former JPMorgan exec Leo Puri as next chairman
- Tewolde Gebremariam takes charge as Air India’s new CEO, replaces Campbell Wilson
- Knight Frank India elevates Viral Desai as CEO, to take charge from April 2027
IPOs
- ARCIL IPO: Goldman Sachs, BofA among investors in Rs 220 crore anchor round
- Kanohar Electricals IPO opens today; GMP signals 31% listing gains. Should you subscribe?
- Jindal Supreme (India) IPO to Open on September 16, 2026: Check Price Band, Issue Size and Key Details
- LCC Projects Raises ₹128 Cr from Anchor Investors Before IPO
- Jio Platforms plans to kick off investor outreach for its IPO next week
- Deepa Jewellers IPO listing today: GMP at ₹25.5; Share price prediction ahead of NSE, BSE debut
- Deepa Jewellers IPO listing: Shares debut at Rs 221 on NSE, 25% premium to issue price
- Glass Wall Systems IPO subscribed 2.5x on Day 1; GMP at 28%
- Karamtara Engineering mobilises over Rs 262 crore via anchor book, Rs 875-crore IPO to open on September 9
- Manipal Payment Rs 805-crore IPO to open on Sept 9; anchor investors pick up Rs 362 crore worth of shares
- Prasol Chemicals IPO subscribed 41% on opening day; retail investors lead demand
- Flat debut: Rays of Belief shares list at issue price on NSE, BSE
- Rentomojo IPO: Anchor investors pump in Rs 376 crore ahead of Rs 1,256-crore issue opening
- Steamhouse India raises over Rs 124 crore from 6 anchor investors ahead of Rs 414-crore IPO
- India’s NSE set to price IPO at 1,700-1,785 rupees a share, Bloomberg News reports
- Kanohar Electricals Limited Raises Rs 316.72 Crore from Anchor Investors
- India’s NSE eyes Sept 21-week listing after regulator clears IPO
- Apana Logistics IPO opens today: Check GMP, price band, lot size and key details
- Steamhouse IPO sets price band at Rs 77–81; Rs 414 crore issue to open on September 9
- Pernia’s Pop-Up Shop parent Purple Style Labs lists at 7% discount
- Phychem Technologies Share Price: Stock Lists at 3.70% Premium on BSE
- Manika Plastech IPO opens on Sept 11; check price band, issue size, GMP and other key details
- Chivas Regal Whisky, Absolut Vodka maker Pernod Ricard picks 4 bankers for over $1-bn India IPO
- Ashutosh Fibre shares debut at 52% premium over IPO price on NSE SME platform
- Glass Wall Systems raises Rs 128 cr from anchor investors ahead of IPO launch on Sep 8
- Inox Clean Energy likely to file draft papers for Rs 10,000-crore IPO by month-end
- Pranav Constructions IPO subscribed over 5.5x on opening day; GMP at 36%
- Prasol Chemicals mobilises Rs 150 cr from anchor investors ahead of IPO
- Tepid debut: Purple Style Labs shares list at 7% discount to IPO price on NSE
- Shanti Inorganics shares make strong debut, list at 90% premium on NSE Emerge
- Accel-backed Rentomojo eyes $444m valuation in India IPO
- ESDS Software makes blockbuster debut: AI stock lists at 76% premium to issue price
- ESDS Shares End Market Debut 112% Above Issue Price On NSE
- RentoMojo Sets Price Band At ₹384-₹404 For ₹1,256 Cr IPO
- Manipal Payment sets IPO price band at Rs 322-339 per share; Rs 805-crore offer to open on September 9
- Pranav Constructions raises Rs 84.2 crore from anchor investors ahead of Rs 351-crore IPO
- India’s NSE eyes September 21-week listing after regulator clears IPO, sources say
Fundraising
- Bajaj Finance allots ₹2,050 crore secured NCDs at 8.07% coupon
- Piramal Finance approves ₹2,000 crore secured NCDs at 8.57% coupon
- Raymond Board Approves ₹214.71 Crore Fundraise via Preferential Warrant Issue to Minerva Ventures Fund
- W Health Ventures closes Fund II at ₹700 crore, aims to build 8-10 healthcare startups
- Kalinga Hospital Ltd. announced that it has received INR 878.7121 million in funding from Max Healthcare Institute Limited
- Sugar Cosmetics raises Rs 144.5 crore from A91 Partners at sharp valuation cut
- Temasek co-leads $100m funding in Indian space startup Pixxel
- India: Women’s wellness startup Nua raises $50m led by Peak XV, Filter Capital
- Exclusive: DaMENSCH raises fresh funding at flat valuation of Rs 600 Cr
- Exclusive: Swish to raise around $24 Mn at $175 Mn valuation
- HerSpace secures $40 Mn from existing investor Gray Matters Capital
- Women’s wellness brand Nua raises $50 Mn led by Peak XV, Filter Capital
- Pixxel Raises $100 Million in Series C Funding to Build the Infrastructure for a Changing Planet
- Arnya Realestates, Casagrand Premier to raise Rs 750 cr equity fund
- Voice AI startup Navana AI raises Rs 40 crore from Ronnie Screwvala, others
- Lickicious raises Rs 19 crore, targets Rs 100 crore annual revenue
- Prime Focus gains as board clears Rs 3,000-cr fundraising plan
- Nua raises $50 million in funding led by Peak XV, Filter Capital
- Pixxel raises $100 million from Temasek, Seraphim in India space tech’s biggest round
- D2C Sneaker Brand Comet Raises ₹100 Cr To Expand Offline Presence
- Leanwatts Bags $2 Mn To Build Portable EV Chargers In India
- Medulance Raises ₹24 Cr To Expand Emergency Response Network
- SUGAR Cosmetics Raises ₹145 Cr From A91 At A Near 80% Valuation Cut
- Business Nextgen Finance Raises Rs 215 Crore in Equity to Accelerate MSME Lending
- Ultrahuman raises $70 million in funding led by Qualcomm Ventures
