Shardul Amarchand Mangaldas & Co > Mumbai, India > Firm Profile

Shardul Amarchand Mangaldas & Co
MUMBAI 400 021

India > Antitrust and competition Tier 1

Led by John Handoll, the team at Shardul Amarchand Mangaldas & Co excels in all areas of competition law, including merger control, leniency proceedings, cartel investigations, abuse of dominance claims, and competition compliance matters. Naval Chopra is well versed in advising on complex abuse of dominance claims and merger control proceedings, also key areas of expertise for corporate and competition law expert Shweta Shroff Chopra. Harman Singh Sandhu defends large multi-national clients in high-profile cartel enforcement cases and leniency matters, while Yaman Verma and Rohan Arora are active in abuse of dominance cases. Merger control expert Aparna Mehra is also singled out.

Practice head(s):

John Handoll

Other key lawyers:


‘The antitrust and competition team comes with expertise, deep knowledge and experience. They are quick to understand the nuances of the industry and are able to give very practical and relevant advice.’

‘Harman has been excellent to work with. He is calm under pressure and able to pre-empt client queries very effectively.’

‘The antitrust and competition practice of SAMCO is devoted to understanding the complexities involved in the business and applying solutions that are tailor-made for clients’ needs. They provide practical advice keeping in mind jurisprudential evolution in India and the trends emerging from mature markets such as the US and the EU.’

‘Naval Chopra is known for his practical approach and out-of-the-box thinking. Harman Singh Sandhu provides an optimal mix of strategic and tactical advice, staying focused on the near-term and long-term objectives.’

‘They have excellent subject knowledge, and are client friendly and focused.’

Key clients

Sony Pictures Networks India Private Limited

Bangla Entertainment Private Limited

Asian Paints Limited

UBS Group AG And Credit Suisse Group AG

JK Tyre and Industries Limited

WhatsApp LLC and Meta Platforms Inc.

Facebook India Online Services Private Limited Limited

Saudi Aramco

Archroma Operations S.à.r.l

Jai Polypan Private Limited

Blackstone Inc.

Abu Dhabi Investment Authority

Saudi Agricultural and Livestock Investment Company

Oravel Stays Limited

Apollo Global Management Inc.

Hapag-Lloyd AG

Coal India Limited

Work highlights

  • Represented a client in a complaint on Google’s billing and payment system, resulting in the CCI making an order against Google.
  • Acted for Sony Pictures Networks (now Culver Max Entertainment) in the notification to and clearance by the CCI, subject to conditions of the amalgamation of Zee Entertainment with Sony.
  • Defended Asian Paints Limited against abuse of dominance allegations; the CCI passed a favourable order dismissing all allegations.

India > Banking and finance Tier 1

The sizable team of Shardul Amarchand Mangaldas & Co has a strong track record of working with both lenders and borrowers on the full range of finance matters. The team, which is led by Shardul Shroff, works with a diverse set of clients, including domestic and international banks, private equity sponsors, institutional investors, clearing corporations, NBFCs, multilateral institutions, specialty funds, and corporate borrowers. Shilpa Mankar Ahluwalia regularly advises companies on fintech-related investments and product structuring, while Shubhangi Garg focuses on debt capital markets and structured finance work. Zubin Mehta is known for his expertise in bank acquisitions and bank exit strategies in India, and Deepto Roy is experienced in handling project finance mandates in the energy and infrastructure sectors. Other key members include Veena Sivaramakrishnan, Soummo Biswas and Anurag Dwivedi.

Practice head(s):

Shardul Shroff


‘Responsiveness, out-of-box thinking.’

‘Partners are aware of the legal as well as commercial side of the transactions and are involved in the transaction, have good sector knowledge and market penetration.’

‘Veena Sivaramakrishnan and Zubin Mehta make a very impressive team – they bring different skillsets to the table. They have the ability to provide very practical solutions to some of the commercial issues that may crop up while making investments.’

‘Anurag Dwivedi – he has in-depth knowledge of the sector, provides easy solutions to complex problems, is involved in the transactions and provides partner time to address key concerns.’

Key clients

Citibank N.A.

DBS Bank India Limited

Yes Bank

State Bank of India




HDFC Bank Limited

IndusInd Bank Limited

ICICI Bank Limited

Axis Bank Limited

Aditya Birla Finance Limited

Kotak Investment Advisors Limited

Work highlights

  • Assisted Carlyle with the acquisition of 9.99% of the total paid-up share capital of Yes Bank.
  • Assisted Barclays Bank with the extension of certain facilities to an Ontario Teachers’ Pension Plan Board.
  • Advised a group of 10 investors led by Assets Care & Reconstruction Enterprise Limited on a marquee debt restructuring undertaken by an asset reconstruction company pursuant to SARFAESI Act.

India > Capital markets Tier 1

Shardul Amarchand Mangaldas & Co‘s team is strong across all categories of capital market transactions, including primary offerings of bonds by domestic issuers and global offerings of equity securities. Team lead Prashant Gupta has a strong reputation in equity and debt transactions and extensive expertise in IPOs, follow-on offerings and capital restructurings. Nikhil Naredi, who leads the equity capital markets team, covers a broad range of securities offerings for investors, issuers and investment banks, while Shilpa Mankar Ahluwalia specialises in structured finance and debt offerings. Shubangi Garg is recognised for her expertise in debt investments and listed NCD issuances by InvITs and REITs, while Sayantan Dutta regularly assists government departments and merchant banks with disinvestment transactions. Manjari Tyagi is another key contact.

Practice head(s):

Prashant Gupta; Nikhil Naredi; Shilpa Mankar Ahluwalia


‘The team is commercial, good at problem solving, diligent and balanced.’

Key clients


Paradeep Phosphates

Au Small Finance

Delhivery Limited

Bharti listed

Sula Vineyards



Continuum Energy

Block of Embassy Office Parks


Indian Hotels



Mindspace Business Parks

Work highlights

  • Assisted the Book Running Lead Managers with an initial public offering by KFin Technologies Limited of equity shares aggregating to $181m.
  • Assisted Sula Vineyards Limited with an initial public offering of equity shares aggregating to $116.09m.

India > Corporate and M&A Tier 1

Shardul Amarchand Mangaldas & Co specialises in handling both domestic and international M&A, and regularly leverages the services of its various practice areas including antitrust, employment, and tax. The team has in-depth expertise across a full range of industries, ranging from media and entertainment to pharmaceutical, along with demonstrating substantial strength in managing IP and real estate elements within M&A. From New Delhi, the group’s co-head Shardul Shroff handles financing matters, whilst Gunjan Shah frequently represents global and domestic private equity funds. Akshay Chudasama is an expert on dealing with cross-border transactions, and in Mumbai, Raghubir Menon is recommended for his advice to corporates and sovereign wealth funds. New Delhi-based Puja Sondhi is knowledgeable on foreign investment and regulatory affairs, and Mithun Thanks has a special focus on private equity. Manish Gupta arrived to the team from IndusLaw in October 2023.

Practice head(s):

Shardul S. Shroff; Gunjan Shah; Raghubir Menon

Other key lawyers:

Akshay Chudasama; Puja Sondhi; Rudra Kumar Pandey; Mithun V. Thanks; Iqbal Khan; Jay Gandhi; Natashaa Shroff; Abhishek Guha; Anuj Bhasme; Roopal Kulsreshtha; Inder Mohan Singh; Nivedita Tiwari; Ekta Gupta; Sakshi Mehra; Aayush Kapoor; Karun Parkash; Manita Doshi; Tanya Uppal; Tanavi Mohanty; Avichal Mathur; Hardik Thakker: Manish Gupta

Key clients

CA Basque Investments

Ontario Municipal Employees Retirement System (“OMERS”)

Leeds Equity Partners, LLC; CeriFi LLC and LRN Corporation

Leeds Equity Partners, LLC; and Talent AcquisitionCo, LLC

Raymond Consumer Care Limited (“RCCL”)

Hillhouse Capital Group (“Hillhouse”)|

Raymond Limited (“Raymond”) and Raymond Luxury Cottons Limited (“RLCL”)|

DXN Holdings Bhd. (“DXN”)|

Culver Max Entertainment Private Limited (formerly known as Sony Pictures Networks India Private Limited, “Sony India”) and Bangla Entertainment Private Limited (collectively, “Sony”)

JSW Ispat Special Products Limited

JSW Steel Limited

McCormick & Company, Inc.

BMT International N.V.

Société Générale ref

Barentz International B.V.

Insight Enterprises, Inc.

Xebia Group

L Catterton Asia 3 Pte Ltd

AMRI Hospitals Limited (“AMRI”)

Sembcorp Utilities Pte Limited (“SCU”)

Abu Dhabi Investment Authority (“ADIA”)

Emami Limited

Annapurna Finance Private Limited

Mubadala Investment Corporation (Mubadala)

Singapore Airlines (SIA)

Eris Lifesciences

Reliance Retail Ventures Private Limited

Shubham Housing Development Finance Company (Shubham)

JK Paper Limited re

MMS Group (acting through its UK counsel, DWF Law LLP)|

SIB Holdings, LLC

Pepsico India Holdings Private Limited|

Imerys Group (Acting through Latham & Watkins LLP, Paris)

Wavestone USA (acting through Dentons Europe, AARPI|

Keimed Private Limited |Prime Time Logistics Technologies Private Limited|

Prime Focus Technologies Limited|

Biocon Biologics

Varel Oil and Gas Inc.

PVR Limited

Razorpay, Inc. (“Razorpay”)

General Atlantic Singapore PPIL Pte. Ltd.

National Investment and Infrastructure Fund – II

Work highlights

  • Advised Culver Max Entertainment Private Limited (formerly known as Sony Pictures Networks India Private Limited, “Sony India”) and Bangla Entertainment Private Limited in the ongoing merger of Zee Entertainment Enterprises Limited (“Zee”) and Bangla Entertainment Private Limited with and into Sony India, a transaction valuing the combined to be public listed company at approximately $10 billion.
  • Advised CA Basque Investments on acquisition of 9.99% of the total paid-up share capital of Yes Bank Limited.
  • Advised Advent, in a transaction pursuant to which it proposes to acquire a majority shareholding in Suven Pharmaceuticals Limited through a share purchase agreement and mandatory open offer. It is one of the largest deals in the Indian pharmaceutical industry.

India > Dispute resolution: arbitration Tier 1

The dispute resolution practice at Shardul Amarchand Mangaldas & Co stands out for its ‘international breadth of background and experience,’ routinely acting for clients across the financial services, consumer goods, entertainment, and insurance sectors. Pallavi Shroff oversees the firm’s overall dispute practice, while Tejas Karia heads the arbitration team. The team is well-versed in all phases of commercial and treaty arbitrations, including drafting pleadings, conducting hearings, and advising on negotiation strategy. ‘Formidable advocateBinsy Susan routinely handles complex international and domestic commercial arbitrations for clients across the construction, IT, and telecoms sectors. Also in the core team is Ila Kapoor, who is recommended for arbitrations in the hospitality, infrastructure, and healthcare sectors. Unless otherwise stated, all mentioned individuals are based in New Delhi.

Practice head(s):

Tejas Karla; Pallavi Shroff

Other key lawyers:


‘This is truly the Rolls Royce amongst arbitration practices in India.’

‘Binsy Susan is a phenomenal superstar. The depth of her analysis and attention to detail makes her stand out as a lawyer of substance in commercial disputes, and she is a formidable advocate, specifically, her written advocacy is superb.’

‘An excellent arbitration team, with a particularly international breadth of background and experience.’

‘Ila Kapoor is one of the best international arbitration partners practising in India at present. She runs an excellent team.’


Key clients

Plintron Holdings Pte Ltd.

Plintron Mobility Solutions Pvt. Ltd.

Tech Mahindra Ltd

PricewaterhouseCooopers Private Limited

International Spirits and Wines Association of India

Resilient Innovations Private Limited

Pernod Ricard India Private Limited

United Spirits Limited.

AMRI Hospitals Limited

Videocon Industries Limited

Management of Natwest Markets PLC

NXP Semiconductors India Pvt. Ltd.

Culver Max Entertainment Private Limited

Bangla Entertainment Pvt. Ltd. (BEPL)

JK Paper Limited

Reliance Entities

Lavasa Corporation Limited

Aditya Birla Insurance Brokers Limited

Toyota Tsusho Insurance Broker India Limited

Maruti Insurance Broking Private Limited

Alta Monte Tower-C Co-operative Housing Society Limited (“Alta Monte”)

JK Tyre & Industries Limited

India > Insurance Tier 1

Shardul Amarchand Mangaldas & Co is a go-to firm for large marquee insurance transactions, covering the structuring of insurance joint ventures, the formation and licensing of insurance companies, M&A and investments, and withdrawals from the market. The team further handles regulatory issues, acting for a broad range of insurers, reinsurers, brokers, web aggregators and other insurance intermediaries. Praised as a ‘living encyclopedia in the insurance sector’, clients endorse practice head Shailaja Lall for her comprehensive insurance sector expertise, leveraging her 20 years’ worth of experience in the field. Other recommended individuals include cross-border transactional expert Anu Susan Abraham and Ashish Teni, whose wide-ranging capabilities include drafting policies for life insurance companies, among others.

Practice head(s):

Shailaja Lall

Other key lawyers:


‘Impeccable subject matter expertise. In-depth understanding of commercial arrangements and excellent turn around times.’

‘Shailaja Lall has now become a living encyclopedia in the insurance sector. She is very cordial, professional and ethical.’

‘SAM lawyers are experts in all insurance matters. They are a pleasure to deal with. Professional, prompt and very user-friendly. The advice is always timely and to-the-point.’

‘Shailaja Lall is a wonderful partner; a great leader of the team, extremely knowledgeable in the financial services sector and very personable. Shailaja is a perfect go-to lawyer, who will promptly assist or direct you to the right person.’

Key clients

Willis Towers Watson group, including Willis Europe B.V.

Go Digit Life Insurance Limited

The Prudential Insurance Company of America

IndiaFirst Life Insurance Company Limited

Bajaj Finserv Limited

Vidal Healthcare Services Pvt. Ltd.

Work highlights

  • Advised Willis Europe on the acquisition of an additional 51% stake in its insurance broking joint venture in India, Willis Towers Watson India Insurance Brokers Private Limited, to increase its stake to 100%.
  • Advised LR India Holdings Limited and Alpha Wave Incubation LP on the Pre-Series A investment round of Even Healthcare Private Limited.

India > Private client Tier 1

Shardul Amarchand Mangaldas & Co‘s New Delhi-based practice is the first port of call for notable family businesses, promoters of large corporate houses, high net-worth individuals and non-Indian residents on various assignments, including estate and succession planning, family settlements and the creation of wills and private trusts. The team combines its experience to work across the manufacturing, automobile, pharmaceuticals, telecommunications, IT and financial services sectors. Department head Divi Dutta specialises in trusts, wills, estates and private wealth planning for high-net-worth individuals. Other recommended individuals include senior associate Mohona Thakur and associate Navya Mehrotra, who often support Dutta on key matters.

Practice head(s):

Divi Dutta

Other key lawyers:


‘Vast experience in this field.’


‘Divi Dutta and her team provided trusted, timely advice and solutions for the wide-variety of issues that arose in our international matters; helping us to resolve all issues and ultimately facilitating a result that exceeded our expectations.’

‘It was particularly helpful to have the support of Divi Dutta and such a reputable firm that could provide advice on both tax and private estate matters and represent our interests directly with third parties when required.’

Key clients

Berger Group

Work highlights

  • Assisted an individual with the setup of an offshore private trust, in addition to ongoing advisory to the trust from an Indian law perspective.
  • Advised an individual on understanding the concept of an undivided Hindu family; the legacy of the family; the sale and distribution of assets within the family; and its partition.
  • Advised two individuals on structuring, drafting and overseeing the execution of a family arrangement charter between the promoters of UK Paints (India) Private Limited, Berger Paints India Limited and Berger Paints Bangladesh Limited.

India > Private equity and investment funds Tier 1

Shardul Amarchand Mangaldas & Co, noted for its expertise in private equity transactional advisory mandates, advises blue-chip and sovereign funds on strategic transactions and investments. The ‘flawless’ practice is led by Shardul ShroffGunjan ShahRaghubir Menon and Iqbal Khan. Other key contacts include Puja Sondhi and Nivedita Tiwari, both of whom bring experience in private equity and venture capital investments, Manav Nagaraj , Mithun Thanks, Anuj Bhasme, Abhishek Guha and Tanya Uppal, who collectively boast specialisation in private equity across a diverse range of sectors including finance, technology, logistics and healthcare, among others.

Practice head(s):

Shardul Shroff; Gunjan Shah; Raghubir Menon; Iqbal Khan


‘This team is our go-to firm for India transactions. They are an excellent team and provide us with the best service in terms of deal knowledge, execution, communication and fees. A flawless set-up and we couldn’t be happier.’

‘Abhishek Guha is excellent; he tells us what we need to know and considers all the options. Always considerate of our fees and goes the extra mile.

‘Tanya Uppal has amazing drafting skills and is consistently delivering the best documentation for our transaction.’

Key clients

Sequoia Capital India Operations II LLC

Norwest Venture Partners X-Mauritius

Accel India VII (Mauritius) Limited (Accel), Matrix Partners India Investments III, LLC (Matrix LLC), Matrix Partners India III AIF Trust, Elevation Capital VII Limited (ECL)

Leap Technologies Private Limited

Norwest Capital, LLC

Norwest Capital, LLC

Citi Ventures, Inc.

Norwest Venture Partners VII-A Mauritius

Alpha Wave Incubation LP

Raine Partners II LP


National Investment and Infrastructure Fund Limited

Sembcorp Utilities Pte Limited

Crimson Winter Limited


Funds managed by Apollo Global Management, Inc.

AION Capital Partners Limited and the IGT Group, which includes IGT Solutions Private Limited


Bain Capital Credit, L.P.

Partners Group Administration Services AG

A consortium comprising of HHLR Management Pte. Ltd and Alta Capital Management LLP

Bain Capital Credit, LP.



CA Basque Investments

Ontario Municipal Employees Retirement System

Leeds Equity Partners, LLC, CeriFi LLC and LRN Corporation

Leeds Equity Partners, LLC and Talent AcquisitionCo, LLC

Hillhouse Capital Group

Leapfrog Investments Group

FPL Technologies Private Limited

Barentz International B.V.

Insight Enterprises, Inc.

Xebia Group

L Catterton Asia 3 Pte Ltd

Work highlights

  • Advised Hillhouse Capital Group in their investment in Tablespace Technologies Private Limited, an entity engaged in the business of providing managed office solutions to enterprise customers, INR 16.60 billion.
  • Advised LeapFrog Investments Group in their Series B round of investment in Redcliffe Lifetech, Inc. (USA) for INR 4.70 billion.

India > Projects and energy Tier 1

At Shardul Amarchand Mangaldas & Co, the department counts government authorities and investors as key clients, and is well known for its strength in advising on transactions in relation to oil and gas, airports, and road projects. The team’s experience spans negotiating concession agreements, EPC contracts, and project finance and infrastructure matters. New Delhi-based practice head Jatin Aneja regularly acts for multinational clients in the energy and urban infrastructure sectors, while Anurag Dwivedi advises on structured finance and debt capital market transactions in the projects space. Deepto Roy represents construction contractors and financial institutions, and Kushal Sinha focuses on joint ventures and M&A transactions.

Practice head(s):

Jatin Aneja

Other key lawyers:

Anurag Dwivedi; Debashree Dutta; Deepto Roy; Kushal Sinha; Prashant Sirohi; Shashwat Kumar; Siddhartha Sen; V.R. Neelakantan; Samridha Neupane

Key clients

Brookfield Asset Management Inc.

Canada Pension Plan Board (CPPIB) and Ontario Teachers Pension Plan (OTPP)

State Bank of India

Yamuna International Airport Private Limited (a wholly owned subsidiary of Flughafen Zürich AG)

Tata Motors Limited

State Bank of India, Bank of Baroda, Axis Bank of India and India Bank

HDFC Bank Limited

TATA Cleantech Capital Limited

REC Limited

Work highlights

  • Assisted the State Bank of India, Bank of Baroda, Axis Bank of India and India Bank by Torrent Gas Chennai Private in respect of the financing for building, operating and expanding the city gas distribution network and ancillary infrastructure in Chennai and Tiruvallur.
  • Advised Dalavaipuram Renewables Private Limited on setting up and implementing a 272.4 MW wind-solar hybrid power project, involving financing provided by Power Finance Corporation Limited.
  • Advised the client on setting up a joint venture company for establishing a green field refinery and petrochemicals project at Nagapattinam in Tamil Nadu.

India > Real estate and construction Tier 1

Shardul Amarchand Mangaldas & Co maintains a thriving real estate and construction practice, housing a specialised team equipped to advise a varied client base, including real estate owners, buyers, lessors, lenders and developers, on a wide range of complex issues, ranging from contract, construction and title disputes, to loan services and foreclosure issues. Co-managing partner Akshay Chudasama specialises in cross-border transactions and regularly represents clients on corporate and private equity transactions, while Bhoumick Vaidya’s expertise ranges from title diligence and acquisition of lands for development of commercial and residential properties, to private equity and debt transactions, leases, leave and license, joint ventures and joint developments. Aarthi Lakshminarayanan routinely advises on statutory compliance and regulatory matters, special economic zone laws, mitigation of risks, title exceptions and complex real estate transactions, while Mrinal Kumar conducts notable work on structuring M&A, private equity transactions, foreign direct investment laws and land acquisition.

Practice head(s):

Akshay Chudasama; Mrinal Kumar

Other key lawyers:

Bhoumick Vaidya; Aarthi Lakshminarayanan; Mithun V Thanks; Ashoo Gupta; Dorothy Thomas


‘Mrinal Kumar: hands on in the matter, depth of knowledge of the transaction, ability to identify issues and solutions.’

‘The team shows negotiation skills, patience, and in-depth diligence.’

‘Deal solution, domain expertise, timeliness of closure.’

‘They are very solution oriented and updated on the latest amendments.’

Key clients

Brookfield India REIT

Bain Capital Credit, L.P.

Kotak Investment Advisors Limited

Hero Future Energies Private Limited

Birla Estates Private Limited

Kansai Nerolac Paints Limited

AGP DC Infra Two Private Limited

Mitsubishi Electric India Private Limited

Tata Electronics Private Limited, part of the TATA Group

Ascendas Asia Real Estate Fund Management Pte Ltd (part of CapitaLand Group)

KIMS Hospital Bengaluru Private Limited, vpart of the KIMS Hospitals Group

Solitaire Group

Kamaths Ourtimes Icecreams Private Limited (Natural Ice Creams)


HHLR Management Pte. Ltd. & Alta Capital Management LLP

Work highlights

  • Advised Brookfield India REIT on acquisition by Brookfield India REIT and GIC of two commercial properties from Brookfield’s private funds for $1.4bn.
  • Advised Bain Capital Credit, L.P. on the transaction in which, as a first step, Macrotech mDevelopers Limited together with Bain Capital and Ivanhoé Cambridge created a platform to invest in logistics and light industrial parks, as well as in-city fulfilment centres, by way of creation of multiple SPVs. The SPV will acquire land for the purposes of construction of warehouses.
  • Advised Kotak Investment Advisors Limited on debt financing to Bharat Hotels Limited.

India > Restructuring and insolvency Tier 1

Shardul Amarchand Mangaldas & Co, headed by the experienced Shardul Shroff, has acted for lenders, borrowers, stressed asset funds as well as foreign and domestic banks, among other financial institutions. The firm provides a full range of services from recovery litigation, asset reconstruction and debt recovery to negotiating of secured and unsecured financing transactions. Partner Anoop Rawat is at the forefront of many of the firm’s most significant cases; he has experience representing various stakeholders, including resolution applicants and foreign investors. Other prominent members of the team include Misha, Vaijayant Paliwal and Saurav Panda.

Practice head(s):

Shardul Shroff


Excellent teams, fully committed and available.

Misha – the partner leading his practice is a subject matter expert.

In depth knowledge and understanding of the Insolvency Laws in India. Their ability to draw upon experience gained in several landmark judgements as well as clear collaboration between the corporate legal team and the litigation team is also of great help.

Key clients

Deloitte India Insolvency Professional LLP

Deloitte Touche Tohmatsu India LLP

PricewaterhouseCoopers India

E&Y Restructuring LLP

State Bank of India, IDBI Bank

ICICI Bank Limited, HDFC Bank Limited

Axis Bank Limited, Bank of Baroda

Yes Bank Limited

IndusInd Bank Limited.

Power Finance Corporation

Rural Electrification Corporation

NTPC Limited, Oil and Natural Gas Corporation

SJVN Limited

Indian Oil Corporation

Asian Development Bank

Standard Bank PLC, Citibank N.A.

Bank of Nova Scotia

Barclays Bank PLC

India > Tax Tier 1

The extensive offering from the tax practice at Shardul Amarchand Mangaldas & Co includes tax planning, advisory and litigation services. The firm’s tax advisory encompasses areas such as M&A transactions, business restructuring and succession planning. Compliance consultancy comprises part of the tax practice’s work as it advises its clients in relation to various direct and indirect tax compliances. The team also assists its clients with support throughout investigation before various tax investigating agencies. Rajat Bose is the key contact for tax planning, advisory and litigation support for GST-related matters, while Abhay Sharma is experienced in inbound and outbound investment structuring, as well as corporate restructuring. Gouri Puri is also a key name for international tax planning and digital tax. Overseeing the practice is managing partner Pallavi Shroff .

Practice head(s):

Pallavi Shroff

Other key lawyers:

Key clients

Électricité de France (EDF)

Eris Lifesciences

Singapore Airlines

PB Fintech (Policybazaar)

Kubota Corporation, Japan

Luxor Capital Partners

Willis Towers Watson group

Nippon Steel Corporation


Kepco Plant Service and Engineering

Work highlights

  • Advised Électricité de France on the signing of an exclusive agreement with General Electric group (GE).
  • Assisted Kubota Corporation with the acquisition of control of Escorts, valued at $1.26bn
  • Assisted Arcelor Mittal Nippon Steel India with the acquisition of port, power and other logistics and infrastructure assets in India, valued at $2.4bn.

India > TMT Tier 1

The New Delhi-based practice at Shardul Amarchand Mangaldas & Co has a strong track record of handling complex litigation, particularly surrounding media and IP-related disputes. The team’s expertise is wide in scope, ranging from privacy and data breaches to regulatory compliance and contractual disagreements. Tejas Karia has great experience of advising clients on data security and e-commerce issues, and Swati Agarwal covers all aspects of information technology laws and regulation having joined the firm from Amazon in May 2022. Varun Pathak specialises in handling commercial litigation and arbitration, whilst principal associate Shashank Mishra and associate Akshi Rastogi are also noted.

Practice head(s):

Shardul Shroff

Other key lawyers:


‘Good knowledge of data privacy laws and investigation practice.’


Key clients

Inshorts India Advertising and Services Private Limited LLC

WhatsApp LLC and Meta Platforms Inc.

Meta Platforms, Inc. and WhatsApp LLC

Rajah & Tann Singapore LLP

Culver Max Entertainment Private Limited (part of Sony group) and Bangla Entertainment Private Limited.

BYJU’S – Think and Learn Private Limited

Confederation of Indian Industry

PVR Limited

AION Investments Private IV Limited and IGT Group

Fractal Analytics Private Limited

Inshorts Medialabs Private Limited

MX Media & Entertainment Pte. Ltd (“MX Singapore”), MX Media Co Ltd. (“MX BVI”), MXP Media India Limited (“MX India”) (collectively the “MX Entities”) and Times Internet Limited (“TIL”).

State Bank of India Limited

Work highlights

  • Acted as the litigation and pre-litigation advisory for GoDaddy, a domain registrar in relation to a Trademark infringement suits before the Delhi High Court alleging that Plaintiff’s trademark rights have been violated by domain name registrars facilitating fraudulent and infringing business activities and offering for sale domain names that are identical/similar to Plaintiff’s trademarks.
  • Represented Meta Platforms Inc. and WhatsApp LLC in a filed by the Andhra Pradesh High Court itself (through its registrar) against various law enforcement agencies and intermediaries to address the issue of rising instances of abusive abusive comments/tweets/videos posted about the Judiciary.
  • Advised a client in transaction involving the merger of Zee Entertainment Enterprises Limited and Bangla Entertainment Private Limited with and into Culver Max Entertainment Private Limited (part of Sony group).

India > White-collar crime Tier 1

Shardul Amarchand Mangaldas & Co advises clients on internal investigations and compliance matters, as well as representing them throughout regulatory and criminal proceedings brought by law enforcement and government agencies. The team offers strong expertise across a wide range of anti-corruption and financial crime legislation, including the US FCPA, and is noted for its work in full trials as well as its dawn raid response capabilities. The team is led by managing partner Pallavi Shroff, a vastly experienced figure in the space with a successful record at trial, who advises a number of company boards on strategic compliance issues, alongside Nishant Joshi, also an accomplished white-collar litigator, and Alina Arora, a key name for corporate investigations, including multi-jurisdictional internal proceedings. Samarth Gupta has a notable specialism in handling internal investigations relating to private equity investors and industrial relations. All lawyers are based in New Delhi.

Practice head(s):

Pallavi Shroff; Alina Arora; Nishant Joshi

Other key lawyers:

Samarth Gupta; Aditya Mukherjee; Apurva Zutshi; Parth Singh

Key clients

Citibank (Citi)

Punjab National Bank

J.P. Morgan India Private Limited

HCL Technologies Limited and HCL Infosystems Limited

Twitter Communications India Private Limited

Honeywell Automation India Limited

Reebok India Company Ltd.

India Steel Summit Private Limited

U.S. Department of Justice – Office of Foreign Litigation

Tata Motors Limited

Samsung Display Noida Pvt. Ltd.

Shalimar Corp Limited

Pernod Ricard India Private Limited

JK Tyres and Industries Limited

United Breweries Limited

Biocon Biologics Limited

Citi Bank

Mantri developers Private Limited

Resilient Innovations Private Limited

Work highlights

  • Advising Pernod Ricard India Private Limited on a defense strategy in anticipation of litigation.
  • Representing United Breweries Limited oin an investigation by the CBI and ED into the affairs of a major distributor in the alco-beverage industry of Maharashtra.
  • Representing Biocon Biologics Limited in relation to certain arrests (including an employee of the client) made by the CBI.

India > Dispute resolution: litigation Tier 2

Shardul Amarchand Mangaldas & Co’s comprehensive disputes offering runs the gamut of commercial, domestic, and cross-border litigation, with notable strength in the banking and finance space. Managing partner Pallavi Shroff heads the team; she has a broad practice with notable emphasis on white-collar crime and commercial dispute resolution. Veteran litigator Shally Bhasin acts for clients in the telecom and infrastructure sectors, and Aashish Gupta takes point on tax litigation and regulatory proceedings. Ajit Warrier is a key name for contractual, corporate, and commercial disputes, while Ameya Gokhale is a key contact in the firm’s Mumbai office.

Practice head(s):

Pallavi Shroff

Key clients

JK Paper Limited

Resolution Professional of Reliance Communications Ltd., Reliance Infratel Ltd., Reliance Telecom Ltd., and Reliance Communications Infrastructure Ltd. (“Reliance Entities”)

Resolution Professional of Lavasa Corporation Limited

Aditya Birla Insurance Brokers Limited

Toyota Tsusho Insurance Broker India Limited

Maruti Insurance Broking Private Limited

Alta Monte Tower-C Co-operative Housing Society Limited (“Alta Monte”)

Tech Mahindra Ltd

PricewaterhouseCooopers Private Limited

Yes Bank Ltd. (“YBL”) & Axis Bank Ltd. (“ABL”)

International Spirits and Wines Association of India

AMRI Hospitals Limited

Videocon Industries Limited

PayPal Payments Private Limited

Work highlights

  • Representing JK Paper Limited before the Securities Appellate Tribunal (“SAT”) in an appeal challenging an order passed by the Securities and Exchange Board of India (“SEBI”)

India > Fintech and financial services regulatory Tier 2

Shardul Amarchand Mangaldas & Co is well positioned to advise major fintech platforms on product structuring, regulatory compliance and strategy. The firm also works with a wide range of  investors on issues connected with strategic investments in the fintech space. Shilpa Mankar Ahluwalia oversees matters from the firm’s Delhi office. She assists slew of household names, such as American Express, Whatsapp and Revolut with a host of fintech issues. Foreign direct investment in the fintech and payments space is a core part of Shubhangi Garg‘s practice. Ekta Gupta frequently leverages her corporate experience to advise on fintech mandates. Himanshu Malhotra has a proven track record in advising major multinationals on their product offerings.

Practice head(s):

Shilpa Mankar Ahluwalia

Key clients

Whizdom Innovation Private Limited (“Moneyview”)

Tata Digital

FACE (Fintech Association for Consumer Empowerment)


Money View



Bharat Pe

American Express

Clix Capital

Bajaj Finance

Capital Float





Revolut Ltd.

White Wizard Technologies Private Limited (Velocity)


Tools for Humanity Corp (WorldCoin) and Totality Corp (NFTs) Limited (BillDesk)

Work highlights

  • Advised Money View on a capital raise of $75m led by Apis Partners and a simultaneous restructuring of Money View’s entire digital lending business in light of new digital lending guidelines.

India > Labour and employment Tier 2

Leveraging the firm’s broader strength across other practice areas, the dedicated Delhi-based labour and employment team at Shardul Amarchand Mangaldas & Co has notable strength in benefits, industrial relations, workforce management, and transactional mandates. Practice head Pooja Ramchandani takes point on corporate restructurings and M&A-related employment issues; she is assisted by senior associate Suryansh Gupta. Kriti Kaushik was promoted to partner in September 2022 and has particular strength advising on compensation, benefits, and executive engagement matters, whilst Suruchi Kumar is the key contact for industrial relations, investigations, and issues pertaining to diversity and inclusion in the workplace.

Practice head(s):

Pooja Ramchandani

Key clients

JK Paper Limited

New Era Technology, Inc.

Singapore Airlines Limited

Varel Oil and Gas Inc.

Reliance Retail Ventures Limited

Sagen MI Canada Inc.

Work highlights

  • Advised Singapore Airlines (SIA) in the consolidation by TATA Sons Private Limited and SIA of the businesses of Air India Limited, and TATA SIA Airlines Limited (Vistara), resulting into merger of Vistara into Air India.

India > Life sciences and healthcare Tier 2

Shardul Amarchand Mangaldas & Co primarily works with domestic and global pharma companies on regulatory compliance matters, including DCA licensing, manufacturing, and distribution, as well as working with e-commerce and medical devices clients on regulatory developments, commercial operations, and clinical trials. The firm also has notable cross-border transactional expertise in the life sciences space, advising private equity investors on a range of deals, including distressed acquisitions. Key names in the team include Mumbai’s Iqbal Khan and New Dehli-based Puja Sondhi, both experienced advisors on M&A, PE, and VC deals across the space.

Other key lawyers:


‘Deep understanding of the sector; Investment into the understanding of market sectoral practices; Excellent cross-functional knowledge; tremendous client service and responsiveness.’

Key clients

Biocon Biologics Limited

Trivitron Healthcare

Apollo Hospitals Enterprise Limited (AHEL), Apollo Healthco Limited (AHL) & Apollo Pharmacies Limited

Advent International Corporation

Curefit Healthcare Private Limited

LR India Holdings Limited and Alpha Wave Incubation LP

TPG Growth III SF Pte. Ltd.

Dr. Agarwal’s Health Care Limited

LeapFrog Investments Group Limited

MMS Group (acting through its UK counsel, DWF Law LLP)

UTI Multi Opportunities Fund I and UTI Structured Debt Opportunities Fund II

Eris Lifesciences Limited (Eris)

Work highlights

  • Advised Advent on the acquisition of Suven Pharmaceuticals Limited.

City focus: Bengaluru > Leading firms Tier 3

Shardul Amarchand Mangaldas & Co 's Bengaluru office is headed by Manav Nagaraj who is accomplished in corporate transactions, with a specific focus on public M&A. The team acts for both domestic and international corporates and private equity players and includes expertise in inbound/outbound investment and debt financing.  

Practice head(s):

Key clients

Crimson Winter Limited

Nabler Web Solutions Private Limited

Ather Energy Private Limited

Crimson Winter Limited

Saddles International Automotive & Aviation Interiors Private Limited (the “Company”) and Mr. Ajith Padival and Ms. Chitra Padival (the “Promoters”)

Work highlights

Intellectual property Tier 3

Shardul Amarchand Mangaldas & Co offers wide-ranging IP expertise to its roster of domestic and international clients, covering everything from conceptualisation to enforcement and from negotiations to the creation of complex corporate structures. Practice head Dev Robinson handles a host of IP matters, with particular expertise in patent searches, prosecution matters and strategies in relation to competitors. The team also includes seasoned litigator JV Abhay, who specialises in trademark, domain name, copyright, design and breach of confidence issues in the fashion, hotel, telecoms, media and entertainment, and pharmaceuticals sectors. Both named lawyers are based in New Delhi.

Practice head(s):

Dev Robinson

Other key lawyers:

JV Abhay; Apoorva Murali

Key clients

J. C Bamford Limited

HFCL Limited

One97 Communications Limited

Electrolux Home Products, Inc.

Nippon A&L Inc.

Unifonic FZE

Lutron Technology Company

Phenom People, U.S.A.

IPT Technology GmbH

SwinkPay Fintech Private Limited

Bray International Inc.

Lonza Group

Anibrain Digital Technologies Private Limited

Ubisoft Entertainment India Private Limited

Work highlights

  • Assisted HFCL in obtaining a vacation of an ex parte interim injunction on a patent infringement matter.
  • Assisted Bray International in obtaining an ex parte interim injunction restraining breach of confidence by ex-employees.
  • Represented Nippon A&L before the High Court of Delhi in an appeal against an order of the Controller of Patents, refusing the client’s patent application.

The firm: Founded on a century of legal achievements, Shardul Amarchand Mangaldas & Co (SAM & Co) was born anew in May 2015. The executive chairman, Mr Shardul S Shroff and the managing partner, Ms Pallavi Shroff were instrumental in setting up this new firm and carried forward the legacy that the firm has inherited.

With a well-calibrated growth strategy, SAM & Co is one of India’s leading full service law firms with seven offices across India and a team strength of over 500 lawyers including over 100 partners. The firm’s mission is to enable business by providing solutions as trusted advisors through excellence, responsiveness, innovation and collaboration. SAM & Co is known globally for its exceptional practices in mergers and acquisitions, private equity, competition law, insolvency and bankruptcy, dispute resolution, capital markets, banking and finance and projects and infrastructure. The firm has been at the helm of major headline transactions and litigation in all segments of industry, besides advising major multinational corporates on their entry into the Indian market and their business strategy.

Areas of practice
General corporate: Our work in the areas of mergers and acquisitions, JVs, private equity, insurance, real estate, employment and business restructuring is well documented in the annals of Indian corporate history. Our corporate teams are well complemented by our other practices for facilitating deal closures.

Banking and finance: Our offerings range from traditional banking documentation to securitisation, factoring, payment banks, syndicated loans, structured acquisition equipment finance, mortgage backed securities, guarantee structures, NCDs, ECBs, and working capital loans.

Competition law: With a strong and the most recognised competition practice in India, the competition team has a proven track record of successfully steering clients through their largest transactions, complex investigations and high-stakes litigations.

Insolvency and bankruptcy: Our experience covers an entire range of scenarios relating to Bankruptcy and Insolvency, starting from early signs of distress to corporates and restructuring towards revival to processes involving liquidation and winding down of businesses. We provide a comprehensive solution in terms of financial restructuring and recovery, insolvency, corporate reorganization and restructuring, creditors’ rights, and contingent preparedness against any peripheral litigation.

Dispute resolution: We are a go-to firm across industries for domestic and international arbitrations, commercial and corporate and regulatory disputes in various courts, tribunals, forums, administrative authorities and regulators in India, and also have white collar crime, and insolvency and restructuring teams.

Projects and project finance: We advise developers, EPC contractors, investors and lenders on various infrastructure projects, regulatory aspects, government tenders, and contractual issues in sectors such as power, oil and gas, nuclear energy, ports, roads and mining.

Capital markets: Our offerings include legal and regulatory advice on IPOs, FPOs, rights issues, QIPs, ADRs, GDRs, IDRs, and AIM listings on the equity side; issuance and restructuring of FCCBs, nonconvertible bonds, unlisted infrastructure bonds, and medium term note programs (MTN Programs) on the debt side.

Tax: We offer a broad range of advisory and litigation services in the areas of direct as well as indirect taxes (including customs duty, goods and service tax and state excise / alcohol duty).

Intellectual property rights: We offer a full range of services that cover patents, trademarks, copyrights, designs and other allied laws, from conceptualisation to enforcement and from negotiations to creation of innovative corporate structures based on intellectual property.

Venture capital: We represent premier domestic and international clients on the investor as well as investee company side for early and growth stage financings. Our VC lawyers have sizeable deal experience (including having worked at prominent VC funds) and bring a deep understanding of the nuances of early stage investing.

Department Name Email Telephone
General corporate Iqbal Khan
General corporate Jay Parikh
General corporate Abhishek Guha
M&A Akshay Chudasama
M&A Mithun Thanks
M&A Raghubir Menon
Private equity Raghubir Menon
Private equity Jay Gandhi
Private equity Iqbal Khan
Dispute resolution Ameya Gokhale
Dispute resolution Nitesh Jain
Dispute resolution Rishab Gupta
Competition John Handoll
Competition Gauri Chhabra
Insolvency & bankruptcy Sapan Gupta
Insolvency & bankruptcy Veena Sivaramakrishnan
Banking & finance Sapan Gupta
Banking & finance Soummo Biswas
Banking & finance Veena Sivaramakrishnan
Projects and project finance Deepto Roy
Projects and project finance Vishaka Prasad
Projects and project finance Debashree Dutta
Tax Abhay Sharma
Capital markets Monal Mukherjee
Capital markets Nikhil Naredi
Capital markets Kaushik Mukherjee
Real estate Akshay Chudasama
Real estate Ashoo Gupta
Real estate Radhika Dudhat Pereira
IP Dev Robinson
IP Mukul Baveja
Insurance Roopal Kulsrestha
Policy & regulation Yogesh Chande
Investment funds Jay Gandhi
Photo Name Position Profile
Akshay Chudasama photo Mr Akshay Chudasama Akshay Chudasama, is the Co-Managing partner of Shardul Amarchand Mangaldas & Co.…
Iqbal Khan photo Mr Iqbal Khan Partner
Nikhil Naredi photo Mr Nikhil Naredi Partner
Deepto Roy photo Mr Deepto Roy Partner
Mithun Thanks photo Mr Mithun Thanks Partner
Dorothy Thomas photo Mrs Dorothy Thomas Partner
Bhoumick Vaidya photo Mr Bhoumick Vaidya Partner

The firm’s focus on diversity and inclusiveness helps our people realize their full potential, while delivering high quality work for our clients. We are an equal opportunity employer with equal pay for both genders and provide equal opportunities to people of different socio-economic backgrounds, gender, race, religion, beliefs and preferences.

We run exchange programs for our lawyers with entities in and outside India, to inculcate strong cultural ethos. The Firm has collaborated with IDIA (Increasing Diversity by Increasing Access to legal education) project. The Firm has a neutral body of assessment called “Associate Compensation and Promotion Committee (ACPC)” which evaluates all proposals put up by Partners across practice areas till the Principal Associate (PA) level. Albeit the world is making very slow progress on advancing gender equality, we are happy to highlight that at our Firm, among the top leadership, 2 out of the 5 members of the Management Board comprise women, demonstrating our commitment towards gender equality at the highest levels at the Firm. 49% of our workforce comprises women. The Firm has had crèche facilities, for over 10 years in the Delhi office, staffed with trained professionals, to support young mothers who start work post their maternity period and need to have close proximity with the child. This enables our women colleagues to balance their professional and personal commitments in an uninterrupted manner. The platform, in an informal setting, provides women business leaders to network and exchange insights and ideas that are helping them achieve continuing success. Our initiatives and planning have driven the results and our firm’s highest gender ratio, overall is a testament of our commitment to promote a fairer and diverse workplace culture. The Human Resources team plays a significant role and has taken the following tangible steps towards inclusiveness at all levels.

In order to develop and manage its talent, especially during Covid, the firm has invested heavily on technology and accelerate its efforts towards digital transformation. This is also to ensure business continuity during the pandemic and enable the lawyers to engage and service clients in a remote scenario of WFH without any disruption. The firm too several initiatives to engage with lawyers for their professional growth:

  • The firm introduced one-on-one mental health sessions with an expert where necessary consultation is provided to help the team members cope with mental health concerns during the challenging times of pandemic.
  • The Firm focused on thought leadership related activities, SAM-inars (an inhouse webinar platform for thought leadership and client growth and development as tangible steps for business continuity, and client relationship management.
  • The management has put in a well thought, comprehensive Work from home strategy which is supported by accelerated digital transformation enabling the firm to manage a smooth working setup.
  • We have invested various technology and innovation learning tools for trainings and development that contribute to a tangible increase and improvement of talent and skills in the firm. The firm has introduced tools such as AI-based Luminance’s machine learning technology to assist with due diligence, Litera, an artificial intelligence (AI) solution for document proofing, CLE-mentine learning platform and introduction of HRMS.

KEY WORK NO. 1: CPPIB’s investment in Flipkart
Completion date: July 2021
Description: The transaction involves private placement of 19,019,032 ordinary shares of Flipkart, resulting in acquisition of ~10.37% of the stake by various new investors (including CPPIB, GIC and SVF) and existing investors (including Wal-Mart, Tencent and Tiger). The transaction was valued at USD 3.6 billion.

Completion date: 15 November 2021
Description: The transaction is India’s biggest initial public offering by the operator of Paytm, One 97 Communications Limited, aggregating to ₹18,300 crore (approx. US$ 2.4 billion), and comprising a fresh issue component as well as an offer for sale, including by Ant Financial, Alibaba, Softbank, Elevation Capital, Berkshire Hathaway, founder Vijay Shekhar Sharma and others. The transaction was valued at USD 2.4 billion

KEY WORK NO. 3: Merger of Covidshield Technologies Private Limited (“CTPL”), a wholly owned subsidiary of Serum Institute Life Sciences Private Limited (“SILS”) into Biocon Biologics Limited (“BBL”), a subsidiary of Biocon Limited.
Completion date: 16 September 2021
Description: The transaction involves:

  1. the merger of CTPL into BBL, pursuant to which BBL will offer approximately 15% stake to SILS, at a post-money valuation of ~ USD 4.9 billion, for which it will get committed access to a 100 million doses of vaccines per annum for 15 years, primarily from SILS’s upcoming vaccine facility in Pune with commercialization rights of the SILS vaccine portfolio (including COVID-19 vaccines) for global markets;
  2. BBL generating a committed revenue stream and related margins, commencing H2, FY23
  3. Adar Poonawalla obtaining a board seat in BBL.

KEY WORK NO. 4: Acquisition by India Markets Rio Pte. Ltd. (an entity affiliated with TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform TPG Rise) (“TPG Rise Climate”) in a proposed subsidiary (“TML EVCo.”) of Tata Motors Limited (“Tata Motors”)
Completion date: 12 October 2021
Description: The transaction involves:

  1. the subscription of 11% – 15% stake, through compulsorily convertible instruments, translating to an equity valuation of upto USD 9.1 Billion, in TML EVCo. by India Markets Rio Pte. Ltd. for an aggregate amount of USD 1 billion (INR 7,500 Crores);
  2. a nominee of India Markets Rio Pte. Ltd. will obtain a board seat in TML EVCo.
  3. Value – Approximately USD 1 billion

KEY WORK NO. 5: Reliance Retail Venture Limited (subsidiary of RIL)
Completion date: Not completed yet
Description: Acquisition in the retail space, this transaction involved acquisition of the retail, logistics and warehousing business of the Future Group by the Reliance Retail Venture Limited (subsidiary of RIL). This acquisition was being done by way of a composite scheme of arrangement, pursuant to which the target companies would demerge, merge with RIL and thereafter, the business was to be transferred to a wholly owned subsidiary RIL by way of a slump sale.

As part of the same Scheme:

  1. the Retail & Wholesale Undertaking is being transferred to Reliance Retail and Fashion Lifestyle Limited (“RRVL WOS”) on a slump sale basis;
  2. the Logistics & Warehousing Undertaking is being transferred to Reliance Retail Ventures Limited on a slump sale basis and;
  3. RRVL WOS will be making investment into the residual FEL entity by way of equity shares and warrants on a preferential allotment basis.

Shardul Amarchand Mangaldas advised UV Asset Reconstruction Company Limited in Enforcement of security interest against Burnpur Cement Limited

20 December New Delhi: Shardul Amarchand Mangaldas advises UV Asset Reconstruction Company Limited (“UV”) in enforcement of security interest against Burnpur Cement Limited (“BCL”) in its capacity as the secured creditor of BCL,

Shardul Amarchand Mangaldas advises JK Tyre & Industries Limited on its Qualified Institutions Placement of approximately USD 61 million

2 January | New Delhi: Shardul Amarchand Mangaldas advised JK Tyre & Industries Limited (“Issuer”) on its qualified institutions placement of approximately USD 61 million.

“Shardul Amarchand Mangaldas advises JM Financial Limited on the qualified institutional placement by Arman Financial Services Limited of approximately US$ 27.61 million”

2 January 2024 | New Delhi: Shardul Amarchand Mangaldas advised JM Financial Limited (“Book Running Lead Manager”) on the qualified institutional placement by Arman Financial Services Limited (“Issuer”) of approximately US$ 27.61 million.

Shardul Amarchand Mangaldas advises erstwhile Committee of Creditors of SIFL and SEFL on the implementation of resolution plan of NARCL

3 January 2024 | New Delhi: Shardul Amarchand Mangaldas advised the erstwhile Committee of Creditors (CoC) of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) and its lender members in the Implementation and Monitoring Committee,

Shardul Amarchand Mangaldas advises GMR Airports Limited and GMR Visakhapatnam International Airport Limited on an investment of approximately ₹675 crore

3 January 2024 | New Delhi: Shardul Amarchand Mangaldas advised GMR Airports Limited and GMR Visakhapatnam International Airport Limited (“GVIAL”), in relation to the investment by National Investment and Infrastructure Fund (“NIIF”) in GVIAL.