The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Shardul Amarchand Mangaldas & Co

Work +91 11 4159 0700
Fax +91 11 2692 4900
Ahmedabad, Bangalore, Chennai, Gurugram, Kolkata, Mumbai and 1 more

Lawyer rankings

Manjari Tyagi

Work 011 41590700
Shardul Amarchand Mangaldas & Co

Work Department

Capital Markets


Ms. Manjari Tyagi is a Partner, specializing in the capital markets practice at the Firm. She has advised issuers, as well as merchant bankers on various Indian equity capital markets transactions (including IPOs, QIPs, block trades and offers for sale through the stock exchange mechanism), foreign listings (including ADR listings) and international high-yield bond transactions, FCCBs issuances, as well as buyback of shares by Indian listed companies.

Some significant deals Ms. Tyagi has advised on include the following:

  • Represented the brokers in the USD 3.7 billion OFS by the Government of India in Coal India Limited in 2015, which is one of the largest equity trades in India until date.
  • Acted as sole Indian counsel in connection with the listing by Videocon d2h Limited on the NASDAQ Global Market. The Financial Times Asia-Pacific Innovative Lawyers Report 2015 recognises Ms. Tyagi as “Highly Commended” for her involvement on this transaction.
  • Advised the lead managers on the buyback of shares by Infosys Limited, which was amongst the largest buybacks in India.
  • Represented Amira Nature Foods Limited, one of India’s leading rice processing companies on its U.S. IPO and listing on the NYSE.
Ms. Tyagi’s other transactions include initial public offerings in India by Lemon Tree Hotels Limited, Eris Lifesciences Limited, Sembcorp Energy India Limited (ongoing), ReNew Power Limited (proposed), SH Kelkar & Company Limited (as counsel to Blackstone, a selling shareholder) and Aakash Educational Services Limited (ongoing); qualified institutions placements (QIP) by Apollo Tyres Limited and The Federal Bank Limited; institutional placement programme (IPP) by InterGlobe Aviation Limited (IndiGo) (the first IPP which included a secondary offering); international high-yield bond transaction by Marble II Pte. Ltd. (a Blackstone owned entity and the holding company of Mphasis Limited); buyback of shares by Infosys Limited (which was amongst the largest buybacks in India and has been awarded Equity Deal of the Year at the Asian Legal Business (ALB) India Law Awards 2019), as well as several large block/bulk trades.


Between November 2015 and March 2016, Manjari was on secondment with JP Morgan (in Mumbai, India), where she worked on IPOs by Interglobe Aviation Limited (IndiGo Airlines), Alkem Laboratories Limited, Narayana Hrudalaya Limited and Quick Heal Technologies Limited.


English, Hindi


Bar Council of Delhi


BA LLB. (Hons.) from the National University of Juridical Sciences, Kolkata


Capital markets

Within: Next generation lawyers

Manjari Tyagi - Shardul Amarchand Mangaldas & Co

[back to top]

Back to index

Legal Developments in India

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

    New Delhi, 31st August 2019: West Haryana Highways Projects Private Limited (a Special Purpose Vehicle of Era Infra Engineering) was awarded a Concession Agreement by NHAI on DBFOT Toll basis for widening of existing two lane highway and also constructions of two new bypasses. Although WHHPPL substantially completed the work and Toll was stared in 2014, NHAI was not declaring the completion. Also WHHPPL suffered huge losses due to Project overrun including threat from Banks/Financial Institution w.r.t Insolvency Proceedings (needless to reiterate one such proceedings under I&B Code filed by Bank of Baroda (erstwhile Dena bank) was recently rejected by Principal Bench, New Delhi). It was the case of WHHPPL that NHAI failed to adhere to the terms of CA in fulfilling its obligation of handing over of land. The Arbitral Tribunal passed an Award in favor of WHHPPL inter alia agreeing with the contentions of WHHPPL and also held that NHAI was in breach of the CA. The Tribunal passed an award (including interest) of Rs.750 Crores in favor of WHHPPL .
  • Singh & Associates' (S&A) Founding Partner, Manoj K Singh, awarded with ‘Special Recognition...

    Singh & Associates' (S&A) Founding Partner, Manoj K Singh, awarded with ‘Special Recognition for Service to the Legal Profession’ at Achiever’s Awards 2019
  • GSTing till 2019 and ahead!!

    With the implementation of GST two years back, India has seen one of the biggest tax reforms for the growth and revival of its economy. Post the journey of peaks & troughs, the GST regime is finally settling in to the needs of business cycle. The Government, with the theme of promoting ‘ Ease of Doing Business ’, is trying hard to make this reform simpler, business friendly and transparent in its functioning. Such measures can also be seen during this year’s budget speech of our Hon’ble Finance Minister, wherein announcements were made towards the simplification of GST.
  • Ld’ Adjudicating Authority dismisses the Application under Section 7 by ICICI Bank against Hyderab

    Ld’ Adjudicating Authority dismisses the Application under Section 7 by ICICI Bank against Hyderabad Ring Road Projects Private Limited a Special Purpose Vehicle related to Era Infra Engineering Limited.
  • Singh & Associates' (S&A) Founding Partner, Manoj K Singh, wins “Dispute Resolution Lawyer...

    Singh & Associates' (S&A) Founding Partner, Manoj K Singh, wins “Dispute Resolution Lawyer of the Year” Award at Indian Legal Awards 2018-19, Legal Era
  • Sulphur Cap Ahead - Regulatory

    Sulphur Cap Ahead - Regulatory
  • GTDT Shipping - India

    Mr Shardul Thacker heads the shipping, oil and gas and banking practice group at Mulla & Mulla & Craigie Blunt & Caroe. Lloyd’s List ranked him third in their top 10 lawyers stating: “Highly regarded for his work in the liquefied natural gas sector, particularly for interesting and highly geared finance deals in relation to infrastructure projects, energy, ports and ships.” india_-_gtdt_shipping_
  • Chambers Guides - Insurance 2018 - India

    India is a common-law jurisdiction. In general, Indian laws borrow heavily from, and are based on, English law. However, insurance law in India has certain unique features that deviate from English insurance law. The primary legislation of insurance law in India is the Insurance Act, 1938 (the “Insurance Act”) and the Insurance Rules, 1939 (the “Insurance Rules”).
  • Transport Finance Review - India

    The transportation industry – aviation, shipping and rail – has been predominantly owned by government entities since India’s independence in 1947. Air India and Indian Airlines, both government-owned, rules the skies; the Shipping Corporation of India (SCI), established in 1961 and owned by the government, owns and operates around one-third of the Indian tonnage. All railway property is government owned.
  • International Arbitration Review - India

    The Arbitration and Conciliation Act, 1996 (Act) provides the framework for arbitration and conciliation in India. Drafted on the basis of the UNCITRAL Model Law, it is divided into four parts. Each part governs a different aspect of the arbitration and conciliation process: a Part 1 governs commercial arbitration; b Part 2 governs the enforcement of certain foreign awards; c Part 3 governs conciliation; and d Part 4 contains supplementary provisions (regarding the power of the court to make rulings, etc.). The Act 2 was recently amended in 2016 with an aim to make it more robust by plugging the lacunae that existed in the original legislation.