Partner | Corporate and Commercial, Corporate Restructuring, Mergers and Acquisitions
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education
- B.A. LL.B., (Hons.), West Bengal National University of Juridical Sciences, Kolkata (2006)
Promode Murugavelu is a Partner in the Corporate and Commercial practice group. Prior to joining the Firm, Promode was a partner at Shardul Amarchand Mangaldas & Co.
Promode has over a decade and a half of experience in diverse corporate matters such as cross border M&A, court-based arrangements, compromises, capital restructurings and business consolidations, asset and business acquisitions and joint ventures, with special focus on healthcare, manufacturing, edtech and IT sectors.
He has advised many prominent companies, including fortune 500 companies and Indian public sector enterprises, and has played a critical role in deals such as India’s largest private equity transaction in single specialty healthcare and largest ever fundraise in eye care space, and the first ever bonus debenture issues by a government company.
Professional Affiliations
- Bar Council of Delhi
Representative Matters
Promode Murugavelu has represented and advised the following clients
NTPC
Advised on its INR 10,307 crore bonus debenture issue, the first bonus debenture issue by a government company in India.
Apollo Hospitals
Advised on the acquisition of IHH’s 50% stake in Apollo Gleneagles Hospital, Kolkata.
Advised Dr. G.S.K. Velu on the sale of his 37% stake in Metropolis Healthcare to the Carlyle Group.
Heidelberg Cement India
Advised on the sale of its cement grinding facility in Raigad, Maharashtra to JSW Steel.
General Motors India
Advised in sale of the Halol plant to SAIC Motor Corp.
Vedanta Group
Advised on their corporate restructuring involving various Indian and offshore entities through a scheme of arrangement.
Maruti Suzuki
Advised on its amalgamation with Suzuki Powertrains through scheme of amalgamation.
Reliance Retail Ventures Limited
Advised and its wholly owned subsidiary, on the acquisition of the entire retail and wholesale and logistics and warehousing business of the Future Group, for approx. INR 24,713 crores.