Ashraya Rao is a Partner in the Corporate and Commercial, 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 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.
- Bar Council of Maharashtra & Goa
- Law Society of England & Wales, UK
Recognition and Accomplishments
Recognised as a Notable Practitioner for his expertise in the Mergers & Acquisitions by IFLR1000 (2018 and 2019).
The RSG India Report 2019 featured Ashraya as “Recommended by Clients for Mergers and Acquisitions"
Ashraya Rao has represented and advised the following clients
NUVOCO Vistas Corporation Limited
Advised NUVOCO Vistas Corporation Limited on its acquisition of the entire shareholding (100% share capital) of the Emami Cement Limited from the existing shareholders at an enterprise value of INR 5,500 crore.
IHH Healthcare Berhad
Advised IHH Healthcare Berhad and its group companies on its acquisition of controlling stake in Fortis Healthcare Limited.
Birlasoft (India) Limited and its promoters
Advised on the proposed merger, demerger and consolidation of its IT Business with KPIT Technologies Limited.
Advised on the acquisition of Electrosteel Steels Limited as part of the corporate insolvency resolution process.
Dewan Housing Finance Corporation Limited and its promoters
Advised on the sale of the entire 50% stake in DHFL Pramerica mutual fund business to Prudential Financial Inc.
Spencer’s Retail Limited
Advised on its acquisition of 100% stakes in Natures Basket Limited from Godrej Industries Limited
Reliance Jio Digital Services Limited
Advised Reliance Jio Digital Services Limited on the acquisition of the entire business undertaking of Haptik Infotech Private Limited (Haptik) by way of a slump sale, for a total transaction size of USD 101.3 million.
Entertainment Network (India)
Advised Entertainment Network (India) in the acquisition of 49% of Global Entertainment Network, Marhaba FM, Qatar.
Metropolis Healthcare Private Limited and its promoters
Advised on: (i) acquisition of controlling interest (purchase of all shares held by Warburg Pincus); and (ii) facilitating the purchase of minority stake by Carlyle group.
Mergers and Acquisitions, Private Equity, Estate Planning, Trusts and Private Client
Partner, New Delhi
Mergers and Acquisitions, Private Equity, Restructuring & Insolvency