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Ashraya Rao

Ashraya Rao

, Mumbai

Partner | Corporate and Commercial, Mergers and Acquisitions, Private Equity


  • 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 advisory on all aspects of Indian corporate, securities and foreign investment laws.

Ashraya has been recognised as a ‘Notable Practitioner for M&A’ by IFLR (consistently from 2018 to 2022) and ‘Recommended for M&A’ by RSG (India Report 2019) and Legal500 (2023).

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 2022)
•    Legal500 as ‘Key lawyer for M&A’ (2023)

Representative Matters

Ashraya Rao has represented and advised the following clients

Poonawalla group

Advised on sale of its entire stake in Poonawalla Housing Finance to TPG Capital consortium

Apis Partners

Advised Apis Partners on its minority investments in D2C Consulting Services Pvt Ltd (RenewBuy) and Whizdm Innovations Private Limited (Moneyview)

Kedaara Capital

Advised on its minority investment in Avanse Financial Services Ltd

Sajjan India and its promoters

Advised on their sale of controlling stake to CVC Capital

Inox Leisure Ltd and its promotors

Advised on the proposed merger with PVR Ltd

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

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)

Tata Motors Group

Advised Tata Motors on the INR 7,500 Cr investment by TPG Rise Climate in Tata Passenger Electric Mobility

EdgeConneX, Inc and EQT

Advised EdgeConneX, Inc and EQT on EdgeConneX’s joint venture with Adani Enterprises Limited for data centers in India

NUVOCO Vistas Corporation Limited

Advised NUVOCO Vistas Corporation Limited (Nirma group) on (i) its acquisition of 100% stake in Emami Cement Limited; and (ii) the debt investment by Kotak Special Situations Fund

Gangavaram Port Limited and DVS Raju family (promoters)

Advised on their strategic divestment of stake to Adani Ports & SEZ Ltd


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