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Cyril Amarchand Mangaldas

PENINSULA CHAMBERS, PENINSULA CORPORATE PARK, LOWER PAREL, MUMBAI 400 013, INDIA
Tel:
Work +91 22 496 4455
Fax:
Fax +91 22 496 3666
Email:
Ahmedabad, Bangalore, Chennai, Hyderabad, Mumbai, New Delhi

India

Antitrust and competition
Antitrust and competition - ranked: tier 3

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas’ team provides ‘very effective, adequately detailed, professional, and timely advice’, and is led by Percival Billimoria, who joined from AZB & Partners. The practice advised Sony Pictures Networks India on its merger with Ten Sports Network, securing unconditional approval from the CCI despite the creation of a duopoly. Other key names include Rahul Goel, who is ‘diligent’, ‘thorough’ and provides ‘very practical advice’, Bharat Budholia, and Anshuman Sakle, who joined from Khaitan & Co..

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Banking and finance
Banking and finance - ranked: tier 1

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas fields one of the largest banking and finance practices in the country, and is noted for its expertise in projects and infrastructure-related finance transactions. Cyril Shroff and Vandana Shroff are the key individuals, and L Viswanathan is recommended for complex regulatory issues.

Leading individuals

Cyril Shroff - Cyril Amarchand Mangaldas

Vandana Shroff - Cyril Amarchand Mangaldas

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Capital markets
Capital markets - ranked: tier 1

Cyril Amarchand Mangaldas

At Cyril Amarchand Mangaldas, notable highlights included advising ICICI Prudential Life Insurance Company on the INR61m IPO of I-Pru Life, the first IPO of an insurance company in India. The team also assisted India Grid Trust with the structuring and regulatory issues associated with its INR23m IPO, and advised ReNew Power Ventures on a high-yield bond structure. Key practitioners include Arjun Lall, who advises a range of private equity funds including Warburg Pincus, Sequoia Capital and One Equity Partners; Mumbai-based Gaurav Gupte, who handles domestic and international offerings made by Indian companies; and Gokul Rajan, who has notable expertise in matters spanning the US and Singapore. Yash Ashar is also a name to note.

Leading individuals

Cyril Shroff - Cyril Amarchand Mangaldas

Yash Ashar - Cyril Amarchand Mangaldas

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas has a strong track record in high-value transactions, and also has notable strengths in the regulatory and corporate governance sphere. Recent work included advising Essar Energy on the $13bn sale of a 98% stake in its business to Petrol Complex, a subsidiary of Russian oil company Rosneft, and acting for Gland Pharma and its promoters on its proposed $1.3bn sale to Fosun Pharma Industrial. Managing partner Cyril Shroff is a well-regarded figure in the market, and Reeba Chacko heads the firm’s corporate practice.

Leading individuals

Cyril Shroff - Cyril Amarchand Mangaldas

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Dispute resolution
Dispute resolution - ranked: tier 1

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas has a strong track record across all court levels in India, regularly appearing before the Supreme Court along with various regional High Courts, regulatory tribunals and domestic and international arbitral forums. The team recently handled a number of court disputes concerning failed joint ventures, and also represents clients in litigation regarding shareholder rights, tax matters, competition issues and commercial and infrastructure contracts. Percival Billimoria heads the team, and is a well-regarded figure in this space.

Leading individuals

Percival Billimoria - Cyril Amarchand Mangaldas

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Insurance
Insurance - ranked: tier 2

Cyril Amarchand Mangaldas

At Cyril Amarchand Mangaldas, Nivedita Rao and Shishir Vayttaden advised Standard Life and Mitsui Sumitomo Insurance Company on the proposed merger of Max Group’s insurance business into HDFC Standard Life Insurance Company. Gaurav Gupte advised ICICI Prudential Life Insurance and ICICI Bank on the IPO of ICICI Prudential Life, and Arjun Lall handled Hasham Traders’ acquisition of 4% of the shares of ICICI Prudential Life.

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Intellectual property
Intellectual property - ranked: tier 4

Cyril Amarchand Mangaldas

Ranjan Negi heads the practice at Cyril Amarchand Mangaldas, which has strengths in contentious matters, including prosecutions, and commercial IP transactions. The team advised on various matters for Kawasaki, Nintendo and Yogi Tea, including assisting with cease-and-desist letters and handling contentious proceedings before the trade marks registry, and advised Harman International Industries on a strategy for combatting counterfeit products.

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Investment funds
Investment funds - ranked: tier 1

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas represents sovereign wealth funds and blue-chip private equity funds, with strengths across practice areas such as tax, capital markets, and antitrust. Managing partner Cyril Shroff led the team advising Caisse de dépôt et placement du Québec (CDPQ) on the acquisition by its Singapore entity CDPQ Private Equity Asia of the shareholding of exiting investors Goldman Sachs and KKR in TVS Logistics Services. Reeba Chacko. Shishir Vayttaden and Nivedita Tiwari are other names to note. Principal associate Tirthankar Datta joined J Sagar Associates.

Leading individuals

Cyril Shroff - Cyril Amarchand Mangaldas

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Labour and employment
Labour and employment - ranked: tier 4

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas advises on a wide range of employment law matters, drawing particular strengths from its corporate and finance expertise. Led by Rashmi Pradeep and Manishi Pathak, the team assisted Adani Transmission with the transfer of employees and related liabilities as part of its acquisition of an equity stake in divisions of Reliance Infrastructure.

Leading individuals

Manishi Pathak - Cyril Amarchand Mangaldas

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Legal market overview

Key players in the legal market include Shardul Amarchand Mangaldas & Co, which is well regarded for its dispute resolution practice, and Cyril Amarchand Mangaldas, which is a key firm on the banking and commercial side. Other names of note include Luthra & Luthra Law Offices, Kochhar & Co., Trilegal and Khaitan & Co..

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Projects and energy
Projects and energy - ranked: tier 1

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas’ ‘excellent’ practice is well regarded for its project financing and infrastructure expertise, regularly advising on matters related to oil and gas, ports, roads and urban infrastructure. Clients include a mix of banks, financial institutions, multilateral agencies and other players in the infrastructure financing space, and the firm has been notably active in M&A transactions domestically and internationally. In a recent highlight, the team advised ICICI Bank, Axis Bank and Standard Chartered Bank on the Indian law aspects of a debt repayment to Essar Group, which was connected to the $12bn sale of Essar Group’s refinery and port business to Russian oil giant Rosneft. L Viswanathan chairs the practice, and Santosh Janakiram is recommended for banking, projects and acquisition financing matters. Managing partner Cyril Shroff has notable banking and infrastructure expertise.

Leading individuals

Cyril Shroff - Cyril Amarchand Mangaldas

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Real estate and construction
Real estate and construction - ranked: tier 2

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas’ key clients include Adani Group, Birla Estates, and KKR India Asset Finance Private. The team undertook comprehensive title diligence and drafted transaction documents for Puravankara pertaining to a 12 acre residential development project in Bangalore, and assisted investment vehicles promoted by Blackstone with the acquisition of a 50% stake in Chitrali Properties. Sandeep Dave, Gyanendra Kumar and Namrata Kolar head the practice.

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Shipping
Shipping - ranked: tier 3

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas acted for a leading American shipping company in a dispute involving an Indian ship-building company that failed to deliver vessels according to schedule, and advised Essar Ports and Vadinar Oil Terminal on the restructuring of port assets of the Essar Group through a composite scheme of arrangements before the Gujarat High Court. Projects partner Alice George has experience in the ports sector.

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TMT
TMT - ranked: tier 1

Cyril Amarchand Mangaldas

The ‘outstanding’ team at Cyril Amarchand Mangaldas counts Microsoft, Warburg Pincus, Google, and Samsung India Electronics among its clients. Asim Abbas, who was a new arrival from Shardul Amarchand Mangaldas & Co, advised Reliance on the launch and implementation of Volte technology with the world’s largest end-to-end IP network-based operations, and Arun Prabhu advised Aditya Birla Idea Payments Bank on the procurement and implementation of a customised non-core banking solution from IBM. Rahul Goel has ‘superb domain knowledge’ and director Anu Monga is also noted.

Leading individuals

Rahul Goel - Cyril Amarchand Mangaldas

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Tax
Tax - ranked: tier 2

Cyril Amarchand Mangaldas

Led by S R Patnaik, the team at Cyril Amarchand Mangaldas specialises in restructuring, corporate advisory services, regulatory compliance, and litigation. Patnaik and indirect tax head Mekhla Anand advised Essar Energy and Oil Bidco on the tax aspects of the sale of their 98% stake in Essar Oil, and the team also advised Equitas Holdings on the tax implications of its $322m IPO.

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Further information on Cyril Amarchand Mangaldas

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India

Offices in Mumbai, Bangalore, New Delhi, Hyderabad, Ahmedabad, and Chennai

Legal Developments in India

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