India

Capital Markets

Hyundai Motor IPO – the largest in Indian history
The bookrunning lead managers on Hyundai Motor India Limited's US$3.3 billion Rule 144A/Regulation S IPO, which was the largest in Indian history as of its completion, the world's second-largest IPO in 2024 and Hyundai Motor's first listing outside Korea. This deal won "Equity Market Deal of the Year" award at the Asian Legal Business India Law Awards 2025 and "Capital Markets Deal of the Year" by the India Business Law Journal 2024.

India's first pure-play AI firm to list publicly
The bookrunning lead managers on the INR 28.339 billion (approximately US$314 million) IPO of Fractal Analytics, a multinational artificial intelligence and data analytics company and India's first pure-play AI firm to be publicly listed.

The most subscribed Indian IPO by value for large ticket offerings
The bookrunning lead managers on the US$1.3 billion Rule 144A IPO of LG Electronics India Limited on the BSE and NSE. As of its completion, this IPO was the most subscribed IPO by value in India's history for offerings worth INR 10,000 crore (US$1.2 billion) and up.

The largest and most subscribed REIT IPO in India
The book-running lead managers on the INR 48 billion (US$576 million) Rule 144A/ Regulation S IPO of Knowledge Realty Trust, a REIT in India sponsored by Blackstone and Sattva Group. At the time of listing, this IPO was the largest and most subscribed REIT IPO in India's history, with an oversubscription of 13 times.

One of the largest capital raises by an Indian REIT
The bookrunning lead managers on the qualified institutional placement (QIP) of units in Brookfield India Real Estate Trust (Brookfield REIT) aggregating INR 35 billion (approximately US$390 million), making it one of the largest capital raises by an Indian REIT. Sponsored by an affiliate of Brookfield Corporation, Brookfield REIT is India's first institutionally managed public commercial real estate vehicle.

Debt Finance

US$12 billion committed financing for Sun Pharma's take-private bid for Organon
Sun Pharmaceutical Industries Limited on the US$12 billion committed financing to support its take-private bid for the US-listed Organon Inc.

US$1.5 billion term loan to power flagship semiconductor fabrication facility in Gujarat
The arrangers of the US$1.5 billion term loan facilities made available to Tata's semiconductor manufacturing business to fund the approx. US$11billion development of India's first semiconductor fabrication facility in Dholera, Gujarat.

US$230 million financing for Indian toll road investments
Société Générale as mandated lead arranger of a US$230 million acquisition facility made available to an offshore shareholder of an Indian infrastructure investment trust sponsored by La Caisse. The proceeds of the financing will be used indirectly to make investments in toll roads in India.

Structured convertible financing for Motherson's South America expansion
The members of the Motherson group, the world's leading automotive parts manufacturer, on a structured convertible currency financing to support investments in South America.

M&A/Corporate

Landmark US$11.75 billion acquisition of Organon & Co.
Sun Pharmaceutical Industries Limited (Sun Pharma) on its entry into an agreement to acquire all outstanding shares of Organon & Co. for an enterprise valuation of US$11.75 billion.

High-profile joint venture with Reliance Consumer Products Limited
Tropical General Investments (TGI) Group on its high-profile joint venture with Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited—India's largest private sector company and a Fortune Global 500 leader.

AB Tasty's sale to India's VWO
The founders and PE/VC shareholders of the French company AB Tasty, a leading customer experience service provider, on the sale of 100 percent of the share capital and voting rights of AB Tasty to VWO, an Indian company controlled by Everstone.

Masdar's consortium investment
Abu Dhabi Future Energy Company PJSC (also known as Masdar) on its entry into a consortium agreement with certain existing shareholders of ReNew Energy Global plc, an Indian renewable energy developer, and on its offer to acquire the entire share capital of the company not already owned by such shareholders.

Strategic minority investment in Aadhar Housing Finance
Axight Capital Limited, a Lunate-owned asset manager backed by Abu Dhabi's ADQ, on its acquisition of a significant minority stake from Blackstone in Aadhar Housing Finance Limited, India's largest affordable housing finance company.

Integration deal with Jio Platforms
WhatsApp Inc. in the technology, commerce and product integration deal associated with the US$5.7 billion investment by Facebook (now Meta) in Jio Platforms.

Headline data center investments in India
Brookfield Infrastructure on the investment by Reliance Industries Ltd. to expand Brookfield's joint venture with Digital Realty Ltd. to develop high-quality, highly connected scalable data centers to meet the critical infrastructure needs of enterprises and digital services companies in India.

Dispute Resolution

Dispute with one of India's leading real estate investment companies
A private equity fund in a dispute with one of India's leading real estate investment companies concerning a development in Mumbai. Successfully obtained arbitral awards for US$300 million in three related LCIA arbitrations seated in Singapore and governed by Indian law.

Dispute with a telecommunications provider
A number of Indian banks regarding a potential dispute with a telecommunications provider arising from representations made prior to entry into a Share Purchase Agreement and drawdown requests under a related facility agreement.

Various high-profile matters for The Republic of India

• Enforcement proceedings relating to Cairn Energy Plc v. Republic of India, a US$1.4 billion award issued by a Netherlands-seated PCA tribunal in an arbitration arising under the UK-India BIT.
• Enforcement proceedings relating to Devas v. Republic of India (I), a US$150 million award issued by a Netherlands-seated PCA tribunal in an arbitration arising under the Mauritius-India BIT. Counsel for filing of an amicus submission before the US Supreme Court in a related proceeding.

An Indian conglomerate in SIAC joint venture dispute
An Indian conglomerate in a dispute with its joint venture partner under an Indian law- governed agreement subject to SIAC arbitration in Singapore.

An Indian television network in a joint venture dispute
An Indian television network against a European media conglomerate in a joint venture dispute concerning the management of Indian television channels.

An Indian company in an SCC arbitration
An Indian company in an SCC arbitration in Stockholm against a pharmaceutical company owned by one of the Baltic States relating to an agreement governed by Swedish law regarding the supply and delivery by the claimant of certain pharmaceutical goods and services.

Oil & gas joint venture dispute
The Mauritian subsidiary of a US investor in an India law-governed joint venture relating to oil & gas fields in India.

A Finnish technology company in two SIAC arbitrations
A Finnish technology company in two SIAC arbitrations under Indian law against an Indian seller arising out of the acquisition of an Indian technology company.

ICC arbitration and related Indian court proceedings
An Indian consortium, consisting of a group of private companies and a state petroleum company, in a US$200 million ICC arbitration and related Indian court proceedings, against a Middle Eastern State relating to seismic and drilling work in three exploration blocks. The tribunal ruled in our client's favor, including the issuance of a sizeable costs award for our client.

White Collar and Investigations

Significant solar project
A senior energy executive in defense against charges by the DOJ of bribery related to a significant solar project (US v. Adani et al).

A public company in connection with an FCPA investigation
The general counsel of a public company in connection with an FCPA investigation led by the DOJ in relation to conduct in India.

A global life sciences company in DOJ and SEC investigations
A global life sciences company in DOJ and SEC investigations of FCPA and revenue recognition issues arising from operations in India.

A global entertainment company on an investigation of business operations
A global entertainment company on an investigation of business operations of a target company in an acquisition in India.