Partner | Corporate and Commercial, Mergers and Acquisitions, Private Equity, Financial Services
- T: +91 22 6636 5000
- E: Write to me
education
- B.B.A. LL.B., Symbiosis International University, Pune (2010) (Distinction)
- Solicitor of England & Wales
Ashraya Rao is a Partner in the Corporate, M&A and Private Equity Practice Group in the Mumbai office. Ashraya is dual-qualified in India (Advocate) and England & Wales (Solicitor of Senior Courts). With over 15 years of experience, his practice focuses on private and public M&A, private equity, cross-border transactions, strategic alliances and complex advisory on Indian corporate, securities, and foreign investment laws.
Ashraya has been recognised as a ‘Notable Practitioner for M&A’ by IFLR (2018 to 2024), ‘Key M&A Lawyer’ by Legal500 (2023 and 2024) and ‘Recommended for M&A’ by RSG India Report 2019.
Ashraya has also worked with Slaughter and May, London as a ‘visiting lawyer’ from September 2015 to March 2016, where he was involved in cross-border M&A and private equity transactions.
Professional Affiliations
- Bar Council of Maharashtra & Goa, India
- Law Society of England & Wales (Solicitor of Senior Courts)
- FICCI Young Leaders Forum
Recognition and Accomplishments
Ashraya has been acknowledged for his experience and expertise by:
• RSG as ‘Recommended for M&A’ (2019)
• IFLR 1000 as a Notable Practitioner for M&A (consistently from 2018 to 2024)
• Legal500 as ‘Key lawyer for M&A’ (2023 and 2024)
Representative Matters
Ashraya Rao has represented and advised the following clients
Haldiram Foods group, and its promoters, the Agarwal family
Advised on the minority secondary acquisitions by Temasek, Alpha Wave Ventures and International Holdings Company P.J.S.C.
Mahindra & Mahindra Ltd
Advised on its group entities on (i) proposed acquisition of controlling stake in SML Isuzu Ltd from Sumitomo and Isuzu; (ii) minority investments by British International Investment (formerly CDC Group) and Temasek in Mahindra Electric Mobility Limited; and (iii) minority investments by International Finance Corporation and India-Japan Fund (managed by NIIF) in Mahindra Last Mile Mobility Limited.
Torrent group and its promoters
Advised on the acquisition of controlling stake of Gujarat Franchise of Indian Premier League, Irelia Sports India Pvt Ltd (Gujarat Titans) from CVC Capital.
Mahindra & Mahindra Ltd and its group entities
Advised on (i) minority investments by British International Investment (formerly CDC Group) and Temasek in Mahindra Electric Mobility Limited; and (ii) minority investments by International Finance Corporation and India-Japan Fund (managed by NIIF) in Mahindra Last Mile Mobility Limited
Torrent group and its promoters
Advised on the acquisition of controlling stake of Gujarat Franchise of Indian Premier League, Irelia Sports India Pvt Ltd (Gujarat Titans) from CVC Capital
KPIT Technologies Ltd
Advised on (i) the sale of technology assets to Trentar; and (ii) acquisition of 100% stake in Caresoft's Global Engineering Solutions
Inox Leisure Ltd and its promotors
Advised on the proposed merger with PVR Ltd
Tata Motors Group
Advised Tata Motors on the INR 7,500 Cr investment by TPG Rise Climate in Tata Passenger Electric Mobility
RPSG Ventures Limited & RP-Sanjiv Goenka Group
Advised on its successful bid for new Indian Premier League Franchise of Lucknow (Lucknow Super Giants) and new South Africa 20 Franchise of Durban (Durban Super Giants)
Goldman Sachs Asset Management
Advised Goldman Sachs Asset Management on its minority investment in MoEngage Inc
Blackstone Group
Advised Blackstone Group on its acquisition of controlling stake in Simplilearn Solutions Pvt Ltd
EdgeConneX, Inc and EQT
Advised EdgeConneX, Inc and EQT on EdgeConneX’s joint venture with Adani Enterprises Limited for data centers in India
Saregama Ltd
Advised on its acquisition of controlling stake in Pocket Aces Private Limited
Apis Partners
Advised Apis Partners on its minority investments in D2C Consulting Services Pvt Ltd (RenewBuy) and Whizdm Innovations Private Limited (Moneyview)
Publications
Article
Ergo Newsflash
Article
Article
Article
News and Events
Ashraya Rao has featured in the following news and webinars
