India (asialaw)

Work highlights

Advised a leading cement company in obtaining unconditional approval from the Competition Commission of India for its acquisition of a controlling stake in India Cements, involving a 32.72% stake acquisition and a subsequent open offer to public shareholders. This transaction marks a significant milestone in the cement industry.  

Represented Schneider Electric and Temasek in their $2.1 billion acquisition of Larsen & Toubro’s electric and automation business.

Work highlights

Advised Xylem on the Indian aspects of its acquisition of Evoqua Water Technologies Corp. 

Acted for Coforge in its acquisition of a controlling stake in Cigniti Technologies, which included a tender offer under the Indian Takeover Regulations. 

Key clients

Clearlake Capital Group, DuPont, Ford Motors, Google, Microsoft, Mobiv Acquisition, Pepsico India, Singapore Telecommunications

Work highlights

Acted for a domestic industrial development corporation an arbitration initiated by Tata Motors regarding a claim. The Arbitral Tribunal granted a partial award, which is currently pending appeal before the High Court of Calcutta. 

Represented a machinery conglomerate in ongoing arbitral proceedings initiated by Dipon Gulf General Contracting, concerning outstanding payments related to additional work performed under several contracts. The case involves complex cross-jurisdictional elements and significant financial implications.

Work highlights

Assisted a construction company in connection with the sale of a 26% stake in three road special purpose vehicles (SPVs) to various parties. This transaction involved complex legal considerations surrounding the acquisition and operation of the SPVs. 

Acted for the National Highways Authority of India in successfully awarding concessions for round 3 of its InVIT monetisation initiative. The assignment involved preparing concession agreements for multiple project bundles.

Work highlights

Advised a social ventures fund on the transfer of its entire 22.3% shareholding in Sonata Finance Private. 

Acted for a fund player in the establishment of a new AIF Cat-II scheme, with a fund size of Re7.5 billion ($86 million) and an additional green shoe option.

Work highlights

Advised a private equity fund on the merger of Quality Care India, which operates CARE Hospitals, with Aster DM Healthcare, creating one of India's top three hospital chains. 

Acted for a PE player on its strategic investment in Greytip Software. 

Advised a PE growth capital fund in its pre-IPO investment in Meesho, contributing to the company's valuation of over $3.5 billion.

Work highlights

Advised a US tech giant International on competition law aspects before the Competition Commission of India in an ongoing investigation related to allegations of abuse of dominant position.