Siddharth Shah is a senior partner with Khaitan & Co in its Mumbai office and leads the funds practice for the firm. He has over 20 years of professional experience in advising clients in the matters relating to fund formations, setting up of investment platforms, structuring of private equity investments and other corporate transactional matters dealing with joint ventures and M&As in public and private space.
He has vast experience on the funds side having acted as fund counsel to a wide range of domestic and offshore funds across assets classes ranging from angel, venture capital, private equity, real estate, credit, distress asset, public market and hedge funds, REITs, INVITs etc. He advises them on the legal, regulatory and tax matters.
Because of his vast experience in the fund sector in India, he is regularly invited by the industry associations like IVCA, CII, IMC, APREA, etc. and policy makers such as SEBI and RBI to be part of various regulatory committees and contribute to new policy initiatives. He has been an active contributor in the formulation of the current SEBI guidelines for setting up of AIFs in International Finance Centre like GIFT.
Siddharth is also a regular contributor to leading business dailies and journals, and also frequently invited for his views by leading business television channels as a subject matter expert in his areas of practice. He is also a regular speaker at various conferences and public forums, both in India and overseas.
- Bar Council of Maharashtra and Goa
Recognition and Accomplishments
India Business Law Journal (IBLJ) has recognised Siddharth in "the A list" of India's Top Lawyers for 2019.
Who’sWho Legal: Private Funds” lists Siddharth Shah as the leading lawyer in the Private Fund Formation space in India.
Chambers and Partners (Asia – Pacific) has ranked Siddharth Shah as a top-ranking lawyer since 2009.
IFLR 1000 has ranked Siddharth as "Highly Regarded" lawyer in its lawyer rankings.
AsiaLaw Leading Lawyers Guide 2020 has recognised Siddharth as an "Elite Practioner" in Private Equity space.
The Legal 500, (Asia Pacific) has mentioned Siddharth as a leading individual in the Investment Funds practice.
Siddharth Shah has represented and advised the following clients
Meritz Financial Group
Represented Meritz Financial Group, Korea on their investment platform with Edelweiss Group with targeted corpus of USD 425 million focussed on providing last mile financing for real estate projects.
Nederlandse Financierings Maatschappij
Represented Nederlandse Financierings Maatschappij voor Ontwikkelingslanden N.V. ("FMO"), on their investment of USD 42 million into Aavishkar Group, one of the leading investor in the impact investing space.
IDFC Alternatives Limited
Represented IDFC Alternatives Limited in its sale of infrastructure asset management business as well as real estate/private equity asset management business to Global Infrastructure Partners and Investcorp respectively.
Represented Piramal in their partnership with Bain Credit for setting up of a distress asset platform Indian Resurgence Fund and acting as the fund counsel for the fund with a targeted corpus USD 750 million.
Represented Allianz Group in their partnership with Shapoorji Pallonji Group to set up a USD 500 million real estate platform which proposed to invest in commercial office properties in India.
Gujarat International Finance Tech
Advised Gujarat International Finance Tech (GIFT) city on formulation of guidelines for setting up of FPIs and Alternative Investment Funds (AIFs) by SEBI.
Phoenix Marketcity Limited
Represented Phoenix Marketcity Limited for its platform with Canada Pension Plan Investment Board (CPPIB) to invest in retail and commercial assets across India with a target size of approx. USD 250 million.
ICG Strategic Equity Advisors
Acted as Indian counsel to ICG Strategic Equity Advisors for their acquisition of Indian private equity portfolio investments held by Standard Chartered Private Equity and its affiliates as part of the global take over.
Milestone Capital Advisors Limited
Represented Milestone Capital Advisors Limited for their sale of the private equity asset management business to Edelweiss.
Ergo Newsflash11 Dec '20
Ergo Update27 Oct '20
Ergo Newsflash12 Aug '20
Ergo Newsflash02 Jul '20
Publications14 May '20
Article13 May '20
News and Events
Siddharth Shah has featured in the following news and webinars
PAN exemption for non-residents investing in IFSC based Category I and Category II AIFs
Analysing the impact of budget 2020 on investment funds: is enough as good as a feast?
SEBI proposes standardised private placement memorandum and benchmarking for AIFS- levelling the playground?
Relooking at the harmonisation of investment norms for IFSC AIFS with onshore AIFS
Analyzing the impact of the Budget on the funds industry: The times they are a-changing!
SEBI publishes HR Khan Committee Report: Key points for consideration before it becomes the law
International Financial Services Centres Authority Bill 2019 introduces a unified regulator for GIFT CITY
Revised KYC and eligibility framework For FPIs: SEBI waters down the April 10 Circular
Corporate and Commercial, Mergers and Acquisitions, Securities and Regulatory
Partner, New Delhi
Corporate and Commercial, Mergers and Acquisitions, Joint Venture & Collaborations
Mergers and Acquisitions, Private Equity, Estate Planning, Trusts and Private Client