Acquisitions

Client Transaction Details Value
(US$ mn)
Year
Air Water Acquisition of manufacture, sale and distribution of oxygen, nitrogen and argon operated in South India "South Region Divestment Business" (SRDB) of Linde India Limited - 2019
Birlasoft Acquisition of ITSS business of KPIT through merger and open offer by Birlasoft and CK Birla Group - 2018
Kotak Mahindra Bank Acquisition of 26% stake by Kotak Mahindra Group in Kotak Mahindra Old Mutual Life Insurance Co 200 2017
Ingenico – TechProcess Exclusive Financial Advisor to Ingenico Group on the acquisition of 100% shareholding of TechProcess Payment Services Ltd., a leading Indian online and mobile payment services provider - 2017
Kotak Mahindra Bank Advisor to Kotak Mahindra Bank on the acquisition of 99.49% of equity shares of BSS Microfinance - 2016
Godrej Agrovet Advisor to Godrej Agrovet for acquisition of controlling interest in Astec Lifesciences and Manager to the Open Offer 62 2015
Vodafone Sole Financial Advisor to Vodafone for acquisition of stake from minority shareholders in Vodafone India Limited 1,682 2014
Kotak Mahindra Bank Acquisition of 15% stake in Multi Commodity Exchange of India Limited (MCX) 77 2014
Torrent Pharmaceuticals Acquisition of the Indian formulation business of Elder Pharmaceuticals by Torrent Pharmaceuticals 322 2013
Tech Mahindra Exclusive financial advisor to Tech Mahindra for acquisition of 100% stake in Hutchison Global Services 87.1 2012
Bombay Stock Exchange Exclusive Advisor to BSE for acquisition of majority control in CDSL Confidential 2010
Mahindra Exclusive advisor to M&M Limited for acquisition of ~5.5% stake in Tech Mahindra Limited from BT Telecommunication 101 2010
Cipla Exclusive Advisor to Cipla Limited for acquisition of Meditab Private Limited 29 2010
Tube Investments of India Exclusive financial advisor for acquisition of 77% stake in Sedis, a leading European manufacturer of industrial and auto chains based out of France Confidential 2010
State Bank of India Acquisition of State Bank of Indore by State Bank of India 283 2009
DLF Integration of DLF Cyber City with Caraf (including DAL) Confidential 2009
Zee Entertainment Enterprise Ltd. Acquisition of 6 regional channels from Zee News Ltd. 259 2009
Tech Mahindra Acquisition of 31% stake in Satyam Computer Services Limited by Tech Mahindra Limited through a competitive bidding process 351 2009
Mahindra Agreement to acquire 51% stake by M&M in China's 3rd largest tractor company 50 2008
Voltas Limited Acquisition of majority stake in Rohini Industrial Engineers 32 2008
CRH Acquisition of 50% stake in My Home Industries Limited 825 2008
Mahindra Lifespaces Joint venture with Ayala Land for residential development in Chennai Confidential 2008
Thomas Cook Acquisition of upto 74.9% stake (including Open Offer) in Thomas Cook (India) Limited and 100% stake in Thomas Cook Egypt and Thomas Cook Lebanon 382 2008
Golman Sachs Buyout of Sigma Electrical by Goldman Sachs 172 2007
Wal-Mart India entry and JV with Bharti Enterprises Confidential 2007
Great Eastern Shipping Inter-se Swap of Promoter Shareholding 117 2007
Spinach Advisor for acquisition of Home Stores India Ltd. Confidential 2007
Mahindra Consolidation of three overseas forging businesses into an India-listed entity - creating the second largest forging entity in India 470 2007
Mahindra Acquisition of 43.3% stake in Punjab Tractors from the Actis Group and the Burman family & Mandatory Open Offer for in Punjab Tractors, Swaraj Automotives and Swaraj Engines as a result of the above acquisition 324 2007
Mahindra Acquisition of 90.47% stake in Schoneweiss & Co. GmbH Confidential 2006
Mahindra Acquisition of 67.9% stake in JECO Holding AG - largest outbound auto component acquisition 185 2006
Raymond Joint venture with UCO NV of Belgium to create a global denim company 250 2006
Hutch Acquisition of BPL circles in Mumbai, Maharashtra, Kerala and Tamil Nadu & Acquisition of Essar Spacetel Limited 1154 2005
Mahindra Acquisition of Chakan Undertaking of Amforge Industries Ltd. through demerger 64 2005
Raymond Acquisition of Ring Plus Aqua, an engineering company Confidential 2005
Standard & Poor’s Acquisition of CRISIL Limited through voluntary Conditional Open Offer 53 2005
Mahindra Acquisition of SAR Transmission Private Limited Confidential 2004
Patni Acquisition of Cymbal Inc 71 2004
eBay Acquisition of Baazee.com 50 2004
Hutch Acquisition of Chennai & TN Circle 350 2004
Hutch De-merger and subsequent merger of the Punjab Cellular Circle in Hutchison Whampoa - pioneering transaction in the Indian cellular telecom sector 30 2003
Hutch Acquisition of Aircell, Digilink 100 2003
Polaris Merger of Orbitech Solutions Limited with Polaris Software Labs Ltd. 450 2002
Raymond Acquisition of Colorplus 15 2002
Lafarge Acquisition of Cement Division of Raymond Limited by Lafarge 177 2001
HCL Acquisition of 51% of Deutsche Software by HCL Technologies 50 2001
Hutch Acquisition of Delhi Cellular Circle by Hutchison Whampoa 400 2000
Hutch Acquisition of the Gujarat Cellular Circle by Hutchison Whampoa 340 2000

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