Deal activity in India cooled in May 2026 from an exceptionally strong April, with 196 transactions worth $11 billion, a report said on Monday.

The State Bank of India (SBI) presented a dividend cheque of Rs 8,813 crore to the government for the financial year ending March 31, 2026. This follows SBI's reported 6% year-on-year rise in net profit for the January-March quarter of FY26, reaching Rs 19,684 crore.

Hygenco has secured a significant USD 105 million in fresh equity. The investment comes from a consortium including the International Finance Corporation, Siemens Financial Services, and Fullerton Carbon Action Fund. This capital will boost Hygenco's green hydrogen production capabilities. The company aims to supply zero-emission green molecules to industrial sectors.

Carlsberg A/S is preparing to file draft papers for an IPO of its India unit as early as this month, sources said. The listing could raise up to $700 million (around Rs 6,650 crore) and is expected to be a secondary share sale by the Danish brewer. Kotak, JPMorgan and Citigroup are advising on the transaction, which may launch later this year.

A new general insurance company, Kiwi General Insurance, is set to launch in India. Backed by WestBridge Capital and Neelesh Garg, it plans to use AI to transform the industry. The company will focus on reducing transaction times and costs. It aims to achieve this by redesigning processes from scratch. Kiwi General Insurance will initially focus on motor insurance.

CMR Green Technologies' initial public offering saw massive investor interest. The Indian aluminium recycler received bids worth over 563 billion rupees for its 65.8 million dollar issue. This marks India's first IPO in a month. Strong demand reflects investor confidence in the non-ferrous metal recycling sector. Shares are expected to list on June 10.

In a groundbreaking development, Atom Financial Services Group has joined forces with Sirius Capital, a UAE firm, marking the inception of Atom Investment Banking. This innovative global platform is tailored for promoter-led enterprises across India, the UAE, and Singapore, boasting an array of integrated advisory services, including wealth management and investment banking.

Meesho has partnered with BSE Ltd. to launch Project Shikhar, an initiative designed to help MSMEs transition into publicly listed entities on the BSE SME platform. This collaboration aims to provide e-commerce sellers with access to growth capital and foster compliant, transparent businesses for India's formal economy.

Kuku Technologies is planning an Initial Public Offering to raise up to Rs 3,000 crore. The company aims for a valuation of Rs 15,000 crore. This public issue will include new shares and an offer for sale. Funds will boost technology, AI, and content. Kuku TV, launched in late 2024, focuses on micro dramas.

IIFL Finance successfully raised $500 million through international dollar bonds, marking the first such issuance from India since January. Priced at 7.6%, the 3.25-year bond attracted significant investor interest despite geopolitical volatilities. Proceeds will fund lending to economically weaker sections, including MSMEs and gold loans.

Rising geopolitical tensions, volatile equity markets and weak investor sentiment are pushing more companies towards SEBI’s confidential filing route, allowing them to keep listing plans flexible while protecting sensitive business information.

Indian IPO fundraising has fallen to a two-year low in early 2026. Market volatility and global tensions are making companies delay their listing plans. Investors are now prioritizing profitability and realistic pricing. While a healthy pipeline exists, the second half of the year is expected to remain subdued. Large IPOs may boost numbers but could also absorb market liquidity.

INDIA-BONDS/India considers reducing taxes on bond investments by foreigners, reports Bloomberg News

Other companies that obtained approval are Horizon Industrial Parks, Surgiwear, Crystal Crop Protection, and Hotel Polo Towers. These firms are now set to launch their public offerings on the BSE and NSE.

At least 10 companies are considering reducing their planned IPO sizes to ensure successful listings amid declining investor appetite. This flexibility, allowed by the capital market regulator, permits companies to cut issue sizes by up to half without refiling. Sectors like NBFC, jewellery, and healthcare are among those exploring this option to navigate current market conditions.

Global lenders are exploring various financing options for Sun Pharmaceutical Industries' proposed $12 billion acquisition of Organon & Co. The Indian drugmaker is considering swapping Organon bondholders into Sun Pharma debt and a potential euro-denominated bond. Additionally, Sun Pharma plans to raise $3 billion to $4 billion in offshore loans, with deal approvals anticipated by December.

Twelve Indian companies announced over USD 1.1 billion in US investments across aerospace, defense, energy, and AI sectors at the SelectUSA Investment Summit. These significant investments are projected to create 1,500 jobs in the United States, with major contributions from Abhyuday Group and Sterlite Technologies Limited.

India's bank credit growth remained robust in the financial year 2025-26, with non-food credit expanding 15.9 per cent year-on-year, up sharply from 10.9 per cent in the previous year, according to the Ministry of Finance.

India has eased Foreign Direct Investment rules. Foreign companies with up to ten percent Chinese or Hong Kong shareholding can now invest in India through the automatic route. This change, effective May first, 2026, aims to boost investment. Previously, stricter rules applied due to security concerns. This move is expected to attract more global capital and support economic growth.

Vi is targeting capital expenditure of ₹45,000 crore over next three years to accelerate network upgrades, achieve 5G parity in key markets and drive a turnaround in performance. This is in addition to ₹18,000 crore it has already invested, which demonstrated tangible results, according to the management.