Partner | Corporate and Commercial, Mergers and Acquisitions, Private Equity
- T: +91 22 6636 5000
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education
- B.B.A. LL.B., Symbiosis International University, Pune (2010) (Distinction)
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).
Ashraya has advised several clients on private and public M&As, cross border M&As, private equity, corporate restructurings, insolvency M&A, strategic alliances/JVs and general corporate advisory.
Ashraya has been recognised as a ‘Notable Practitioner for M&A’ by IFLR (consistently from 2018 to 2024), ‘Recommended for M&A’ by RSG (India Report 2019) and Legal500 (2023 and 2024).
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)
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
Inox Leisure Ltd and its promotors
Advised on the proposed merger with PVR Ltd
Mahindra & Mahindra Ltd
Advised on the minority investments by IFC and India-Japan Fund (managed by NIIF) in Mahindra Last Mile Mobility Limited
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)
Blackstone Group
Advised Blackstone Group on its acquisition of controlling stake in Simplilearn Solutions Pvt Ltd
PCBL Ltd
Advised on acquisition of 100% stake in Aquapharm Chemicals Pvt Ltd
Porus Laboratories Private Limited
Advised Porus Laboratories Private Limited and its promoters on their divestment of a controlling stake to Bain Capital Private Equity
Goldman Sachs Asset Management
Advised Goldman Sachs Asset Management on its minority investment in MoEngage Inc
Poonawalla group
Advised on sale of its entire stake in Poonawalla Housing Finance to TPG Capital consortium
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
PerkinElmer, Inc (now, Revvity)
Advised PerkinElmer, Inc (now, Revvity) and its India affiliates on the sale of its AES Business assets to New Mountain Capital
Apis Partners
Advised Apis Partners on its minority investments in D2C Consulting Services Pvt Ltd (RenewBuy) and Whizdm Innovations Private Limited (Moneyview)
Publications
Ergo Newsflash
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News and Events
Ashraya Rao has featured in the following news and webinars
