Shardul Amarchand Mangaldas & Co

India

Analysis

Overview

Shardul Amarchand Mangaldas & Co has a commanding presence in the market with top tier practices across all practice areas and industry sectors. It has only grown stronger since it splintered from Amarchand Mangaldas five years ago, evolving and keeping pace with the demands of a highly competitive market. The firm offers the best of all worlds: large capacity, pan-India presence, depth of expertise and experience, and market leading professionals. It is an unsurprising first choice for many international clients entering the Indian marketplace, regularly advising the largest multinationals, Indian conglomerates, and private equity players and funds. Pallavi Shroff is well-known for her extensive experience in dispute resolution, and Shardul Shroff is renowned for his expertise as a general corporate lawyer.  

There were multiple notable movements in the course of the last 12 months. It welcomed capital markets partner Abhiroop Datta from S&R Associates. Competition specialist and special adviser Pranav Satyam also joined last year from the CCI.  

Corporate and M&A

Work highlights 

Advised Acted for GIC Speical Investments on its $40 million in Razorpay through its Indian subsidiaries.  

Represented Facebook on its $5.7 billion investment into Reliance Jio.  

Acted for Abu Dhabi Investment Authority on its acquisition of a minority stake in Jio platforms for $750 million.  

Advised McCormick & Company on its sale of 26% shares to Orkla for $270 million.  

Key clients 

Apollo Tyres, Emami Cement, GMR Airports, Mellow Investments 

Capital markets

Work highlights 

Acted for Farallon Capital Asia as an investor in Piramal Enterprise’s issuance of unlisted, rated, senior, secured, redeemable non-convertible bonds 

Advised Bharti Airtel in relation to its qualified institutional placement and foreign currency convertible bond (FCCB) As the FCCB issue size exceeded $750 million, an approval had to be obtained from the Reserve Bank of India. 

Assisted issuer, specialty chemicals manufacturer, Rossari Biotech on its IPO. 

Key clients 

Embassy Office Parks REIT, Computer Age Management Services, Morgan Stanley India, UTI Asset Management 

Competition/antitrust

Work highlights 

Advised Facebook and Jaadhu on receiving the competition regulator’s approval for its investment in Reliance Jio 

Represented Bayer India and Mahyco Monsanto Biotech (MMB) in relation to the CCI’s investigation into MMB for alleged abuse of dominant position five years earlier.  

Assisting WhatsApp and Facebook in a case before the CCI relating to the launch of WhatsApp’s payment feature in India.  

Key clients 

Alstom, Flipkart, Reliance Retail Ventures, Uber 

Banking and finance

Work highlights 

Advised Asset Reconstruction Company in relation to securing the release of security as an “enforcement action” in terms of the Inter Creditor Agreement (ICA), and setting out the process for initiating such action under the ICA. 

Represented buyer Trafigura in a deal involving its offshore replacement of a former buyer in advance of a payment and sale agreement executed between the former buyer and Nayara Energy. 

Acted for the State Bank of India in relation to a rupee term loan facility availed by Indifravit Trust.  

Key clients 

Altico Capital, Bank of Nova Scotia, Hyundai, IndusInd Bank, Warburg Pincus