Divestments

Client Transaction Details Value
(US$mn)
Year
Prabhat Dairy Sale of dairy business to Lactalis 240 2019
Star Health sale of Star Health to WestBridge AIF, RJ1 & Madison Capital Undisclosed 2018
Shriram Group & TPG Capital Management 100% sale of Vishal Mega Mart to Partners Group and Kedaara Capital Undisclosed 2018
Comstar 100% acquisition of Starter Motor Company by Blackstone Undisclosed 2018
Tata Power SED slump sale to Tata Advanced Systems Ltd. 343 2018
HDFC Sale of HDFC Realty and HDFC Developers to Quikr 53 2017
Tata Business Support Services Ltd. Sale of controlling stake in TBSS by TSL and Tata Capital to Quess Corp 24 2017
Tata Sons Financial Advisor to Tata Sons for sale of 23% stake in Tata AIA Life Insurance Company by Tata Sons to AIA Group Undisclosed 2016
Bharat Forge Sale of 50% stake in Alstom Bharat Forge to GE 35 2016
National Collateral Management Services Sale of majority stake to Fairfax. This is the largest transaction in the agri-logistics space in India. ~123 2015
Actis Sale of controlling stake in Sterling Hospitals Undisclosed 2014
Bausch & Lomb Eyecare India Bausch & Lomb Eyecare India Ltd divested its Ophthalmology Portfolio to Ipca Laboratories Ltd Undisclosed 2014
Apollo Health Street Sale of Apollo Health Street to Sutherland Global Services Undisclosed 2013
BS Ispat Limited Exclusive Advisor for acquisition of 100% stake in BS Ispat Ltd by Oriental Iron Casting Ltd Undisclosed 2011
Ispat Industries Exclusive financial advisor to Ispat Industries for strategic stake sale to JSW Steel through a preferential issue of shares 480 2010
Kotak Mahindra Bank Financial Advisor for preferential allotment of 4.5% stake by Kotak Mahindra Bank to SMBC, a unit of Sumitomo Mitsui Financial Group 297 2010
Cipla Exclusive financial advisor to Cipla for sale of all Intellectual property rights in India related to Cipla's "i-pill" brand to Piramal Healthcare 21 2010
Nelco Exclusive financial advisor to Nelco for sale of Traction Electronics, SCADA and Industrial Drives businesses, as a going concern, to Crompton Greaves 20 2010
Zee News Sale of 6 regional channels to Zee Entertainment Enterprise Ltd. 259 2009
KEI-RSOS Maritime and Rajamahendry Shipping and Oilfield Services Ltd Exclusive advisor to shareholders of KEI-RSOS Maritime and Rajamahendry Shipping and Oilfield Services Ltd. for sale of 100% equity stake to Great Offshore Limited 63 2008
Gokaldas Exports Exclusive advisor to Gokaldas Exports for sale of controlling stake to Blackstone and Manager to the related Open Offer by Blackstone 165 2007
SREI Infrastructure Joint venture between SREI Infrastructure and BNP Paribas for Asset Finance 192 2007
Bombay Stock Exchange Demutualization of Bombay Stock Exchange Limited through 51% Private Placement 500 2007
Anchor Electricals Divestment of 80% stake in Anchor Electricals Private Limited to Matsushita Electrical Works Ltd. 480 2007
Hutchison Whampoa Sale of controlling interest in Hutchison Essar to Vodafone 10829 2007
INX Media / INX News Acquisition of equity stake by Temasek, New Silk Route, New Vernon, and Kotak in Greenfield venture promoted by Ms. Indrani Mukerjea and Mr. Vir Sanghvi Confidential 2007
IFFCO Divestment of 25% equity stake held by IFFCO in Godavari Fertilizers and Chemicals Ltd. to Coromandel Fertilizers Ltd. 30 2007
Thomas Cook Divestment of 60% stake in Thomas Cook India Limited to Dubai International group 92 2005
Bilakhia Group Divestment of promoter stake to Huber Group, and acquiring stake in Huber's Group's European Unit 303 2005
Hindustan Motors Hive-off of the Component Business of Hindustan Motors and inviting Actis Capital LLP to acquire 30% stake in the new company Confidential 2005
Escorts Disinvestment of telecom businesses for select circles 70 2004
Maruti Suzuki Government of India Disinvestment 610 2002
Gujarat Pipavav LNG Co Ltd Sale of equity in Pipavav LNG to BG 92 2001
Owens-Illinois Inc Sale of Owens Brockway India to Hindustan National Glass Ltd. Confidential 2001
Hindustan Motors Sale of Earthmoving Division of Hindustan Motors to Caterpillar Inc., USA 85 2001
M-seal Sale of m-seal to Pidilite Confidential 2000
Banish Sale of "Banish" brand to Transelektra Confidential 1995
GoodKnight Sale of the "GoodKnight" brand to Godrej 25 1994

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