Open Offers/ Delisting

Client Transaction Details Value
(US$ mn)
Year
Crompton Greaves Advisor to the Committee of Independent Directors of Crompton Greaves Consumer Electricals Limited for the Open Offer for acquisition of 26% equity stake by Amalfiaco Limited along with Macritchie Investments Pte, 253 2016
Hitachi Advisor to the Independent Committee of Directors of Hitachi Home & Life Solutions (India) Ltd for the Open Offer by Johnson Controls Inc., an affiliate of Hitachi Ltd 93 2016
Computer Sciences Corporation Manager to the Open Offer cum direct delisting offer to the shareholders of Xchanging Solutions Limited by Computer Sciences Corporation 16 2016
Glaxo Smithkline Pharmaceuticals Open Offer for Glaxo Smithkline Pharmaceuticals 1,065 2014
Reco Berry Open Offer to the shareholders of Nirlon Limited by Reco Berry Private Limited, an affiliate of GIC (Singapore) 95 2014
Piramal Glass Delisting Offer for Piramal Glass Limited 49 2014
Styrolution Open Offer for Styrolution ABS (India) Ltd. by Styrolution South East Asia Pte Ltd 37 2014
B. Braun Delisting Offer for Ahlcon Parenterals (India) Limited 16 2014
OnMobile Global Open Offer for OnMobile Global Limited 8 2014
Prolec GE Delisting Offer for Indo Tech Transformers Limited - 2013
CIE Automotive Open Offer for Mahindra Forgings Limited 35 2013
CIE Automotive Open Offer for Mahindra Composites Limited 2 2013
Solvay Open Offer for Sunshield Chemicals Ltd by Rhodia Amines Chemicals Pte. Ltd and Solvay S. A. - 2013
Patni Manager to the delisting offer of Patni Computer Systems Limited 279 2012
Warburg Pincus Open Offer for Future Capital Holdings Ltd, by Warburg Pincus 52 2012
Votorantim Cimentos Manager to the open offer for Shree Digvijay Cement Co. Ltd. by Votorantim Cimentos S.A. 7 2012
iGate Manager to the open offer for Patni Computer Systems Limited consequent to acquisition of controlling stake 303 2011
RPM International Inc Manager to the Open offer for Kemrock Industries and Exports Limited by RPM International Inc 45 2011
Styrolution (Jersey) Ltd Manager to the Open offer for INEOA ABS (India) Ltd. by Styrolution (Jersey) Ltd. 36 2011
Kokuyo Group Manager to the open offer for Camlin Limited consequent to acquisition of controlling stake by Kokuyo Group 36 2011
Tyco Electronics Manager to the open offer for ADC Telecommunications Limited pursuant to global acquisition of ADC by Tyco - 2011
Religare Enterprises Manager to Religare Enterprise’s open offer 465 2010
Nirma Manager to the delisting offer for Nirma Limited in order to take the Company private 174 2010
Huber Group Manager to the delisting offer for Micro Inks Limited 87 2010
Tech Mahindra Open Offer for Satyam Computer Services Limited 240 2009
Wilo Delisting offer for Mather and Platt Pumps Ltd. 13 2008
NAVIS Group Open Offer for Sah Petroleums Limited 10 2008
Thomas Cook Limited Open Offer for Thomas Cook (India) Limited 80 2008
The Blackstone Group Open Offer for Gokaldas Exports 42 2007
Wendt Limited Open Offer for Wendt (India) Ltd. 7 2007
Mahindra Open offer for Punjab Tractors Limited
Open offer for Swaraj Engines Limited
Open offer for Swaraj Automotives Limited
97 2007
Nalco Delisting offer by Nalco Company to acquire balance shares of Ondeo Nalco India 16 2007
Coromandel Group Open Offer for Godavari Fertilizers and Chemicals Ltd. 8 2007
Reliance ADA Group   Open Offer for Reliance Natural Resources Limited 187 2006
Everest Industries Limited Open Offer for Everest Industries Limited 12 2006
Bain Capital Open Offer for FCI OEN Connectors Limited 11 2006
Huber Group Open Offer for Micro Inks Limited 75 2005
Reliance ADA Group Open Offer for Reliance Capital Limited 265 2005
Standard and Poor's Open Offer for CRISIL Limited 53 2005
Krone Open Offer for Krone India Limited pursuant to global acquisition of Krone by ADC Confidential 2005
Citigroup Reverse book built Offer for e-Serve International Ltd in order to take the company private 116 2004
UB Group Competitive bid for Herbertsons Limited 20 2004
CABOT Successful delisting of Cabot shares listed on BSE 8 2001
GESCO Corp Successful "Counter Offer" for GESCO Corporation which involved a "White Knight" defence for the first time in India 16 2001
Abbott Laboratories Successful open offer for Knoll, as a result of an international acquisition 24 2001
Saint Gobain Open Offer for Orient Cerwool Limited Confidential 1999
Torrent Open Offer for Ahmedabad Electricity Company shares which led to Torrent's acquiring control 33 1998
GE Pioneering Offer in 1997 - the first offer under the new 'Takeover Code'; the second led to consolidation of stake in the target company 8 1998
GE Procurring approval for the first time from the government of India for a 100% stake in an NBFC   1997
Abbott Laboratories Landmark transaction involving a "conditional offer" in which the Takeover Code was tested, with the Appellate Authority ruling in favour of the strategy recommended by Kotak Confidential 1997

Team Leader

Joined Kotak Mahindra Group in 1999

Specialist in M&A Advisory, Deal Structuring, Restructuring, Valuations, JVs and India Entry services. Intimately familiar with the regulatory framework for M&A (including cross-border M&A), open offers, buybacks and delisting offers.

Outbound M&A expertise has been built by liaising with international investment banks across Japan, Europe, the UK and the US, and is currently working on many initiatives covering these geographies.

Member of SEBI's Takeover Regulations Advisory Committee, which recommended a new set of Takeover Regulations for Indian listed companies in 2010.

An Engineer from the Indian Institute of Technology, Delhi and MBA from the Indian Institute of Management, Ahmedabad.

Leadership Team