Indian corporates are turning to the domestic bond market as a powerful funding tool for major acquisitions. A wave of big-ticket deals is in motion:
- JSW Paints is reportedly raising ₹50 billion to acquire Akzo Nobel India.
- Manipal Hospitals plans to borrow ₹53 billion to take over Sahyadri Hospitals.
- Torrent Power is seeking ₹84 billion for L&T’s thermal power business.
So far in 2025, Indian companies have raised ₹4.75 trillion in corporate bonds—a 15% jump compared to last year. Mutual funds have played a central role in this surge, providing demand and liquidity for new issuances.
This trend reflects the deepening maturity of India’s bond market, which is increasingly becoming the backbone of corporate finance alongside traditional bank loans.
📌 Takeaway: The bond market is emerging as a vital driver of India’s mergers and acquisitions landscape.