Outlook 2026: India's M&A Landscape Poised for Growth Amidst Regulatory Reforms

• Indian M&A market showed resilience in 2025 with robust deal values despite global volatility, driven by large, high-impact transactions.
• Key regulatory changes expected in 2026 include SEBI's revised block deal framework, aiming to reduce price manipulation and enhance liquidity.
• The proportionate reduction mechanism in open offers, successfully tested in Akzo Nobel–JSW Paints deal, is set to streamline large strategic acquisitions.
• RBI proposes easing restrictions on domestic bank financing for acquisitions, reducing reliance on offshore funding for Indian entities.
• Potential relaxation of Press Note 3 and a review of SAST Regulations by SEBI aim to simplify procedural complexities and align with global best practices.

Why It Matters: India's M&A market is set for continued growth in 2026, driven by strategic deals and significant regulatory reforms.