S&R Associates has market-leading capital markets, and corporate and M&A practices, a regular choice for selective clients. Its competition, disputes and insolvency practices are growing from strength to strength every year and perform well in their respective categories in our rankings. The firm moves up a tier in the banking and finance table. The firm is not a high-volume outfit but features on big-ticket mandates that require sophisticated lawyering. A highlight matter for the firm was playing a lead role for ArcelorMittal in its precedent-setting joint acquisition of Essar Steel with Nippon Steel, an instruction that required the savvy capabilities of its corporate, disputes and insolvency teams. Capital markets head Sandip Bhagat is highly respected in the market, with a peer acknowledging: “[There is] absolutely no comparison, he is simply the best.” Partners Rajat Sethi and Niti Dixit lead the M&A and dispute resolution teams, respectively.
Client feedback
“They are responsive to queries, provide valuable input and negotiate our position well.” – Banking and finance
“Quality of work is stellar.” – Corporate and M&A
“They are the most hard-working legal advisers I have ever worked with. They are very responsive, smart and hands-on.” – Corporate and M&A
Arpita Garg
“She is very approachable, knowledgeable with legal matters, provides valuable guidance and strongly negotiates our position on certain matters.”
Mohit Gogia
“Responsive and helpful.”
Rajat Sethi
“He is very responsive, knowledgeable, always attentive and available.”
Work highlights
Acted for IRB InvIT Fund, India’s first publicly listed infrastructure investment trust, on its acquisition of VK1 Expressway from the fund’s sponsor, IRB Infrastructure Developers.
Advised DSG Consumer Partners, an existing investor in StayVista, a manager of luxury villas and holiday homes in India for vacation rentals, on its Series B funding round also involving Capri Global and certain existing investors.
Work highlights
Represented F Hoffmann-La Roche and Genentech in their civil claims against the Drugs Controller General of India and certain Indian manufacturers of purported biosimilar versions of the client’s blockbuster breast and gastric cancer drug, Trastuzumab.
Work highlights
Engaged by Sravanthi Energy to restructure credit facilities provided by a lender consortium led by IFCI and including Varde Partners, CLSA and Ares SSG Capital Management.
Work highlights
Acted for BofA Securities India in connection with the delivery of a fairness opinion to the board of directors of the Housing Development Finance Corporation in relation to the proposed amalgamation of HDFC Investments and HDFC Holdings into HDFC.
Work highlights
Advised Global Health, the operator of the Medanta hospitals, on its IPO. This is the largest IPO in the hospital sector in the country.
Work highlights
Represented Bharat Hotels on its issuance of secured unlisted non-convertible debentures to Kotak Real Estate Fund X.
