Our People

Aashit Shah
Partner and Chair, Banking and Finance Practice
  +91 22 4341 8536
English, Hindi, Gujarati, Marathi

Aashit is the Chair of the Banking & Finance Practice at the firm and is based in Mumbai. He has been with the Firm since October 2005 and has advised domestic and international clients on diverse areas of law such as Exchange Control, Private Equity, Mergers & Acquisitions, Banking & Finance, Funds formation and General Corporate & Commercial laws.

In the area of Banking & Finance, Aashit has advised Indian and multinational banks, non-banking finance companies and financial institutions in relation to (i) credit facilities to Indian borrowers, including in relation to capital expenditure and acquisition financing, (ii) credit facilities to overseas subsidiaries of Indian entities for the purpose of overseas acquisitions and leveraged buy-outs, and (iii) structuring and implementing debt, quasi-debt and equity transactions, which are compliant with Indian exchange control and banking regulations.

He has also advised arrangers and issuers on various privately placed non-convertible debentures which are then listed on Indian stock exchanges. In the areas of Private Equity and foreign investment, Aashit regularly advises private equity funds andmultinational institutions in their investments and divestments in Indian unlisted and listed companies under the automatic route and approval route. Aashit has been assisting investors in devising and implementing exit strategies from Indian investments. Aashit also advises in setting up of private equity funds, offshore funds, venture capital funds and alternative investment funds.He regularly advises clients on Indian law issues concerning exchange control regulations, securities regulations and general corporate laws in relation to inbound investments, joint ventures, takeovers and acquisitions. He has also advised on several cross border acquisitions of and by Indian companies.


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