Our People

Some of the key assignments for Ambarish include, advising:

• TPG in the proposed merger of its investee company, Quality Care India Limited with Aster DM Healthcare Limited, at a combined valuation of over USD 5 billion.
• Suven Pharmaceuticals in its over USD 3 billion merger of Cohance Livesciences with Suven (ongoing).
• Advent in its over USD 1 billion control acquisition of Suven Pharmaceuticals Limitedthrough a share purchase and mandatory open offer.^*
• Mitsui and/or its affiliates in various investments in India.
• TPG Rise Climatein its up to USD 1 billion investment in the electric vehicles business of Tata Motors. ^*
• Biocon Biologics Limitedin its USD 3.3 billion (cash and stock) agreement to acquire global biosimilars business of Viatris Inc. ^*
• PharmEasy, an Indian unicorn, in its ~INR 6334 Crores acquisition of Thyrocare Technologies Limited, a listed company, and related mandatory open offer. ^*
• ACRE, an asset reconstruction company, in one of a kind financial restructuring of Jayaswal Neco Industries Ltd, a listed company, including equity issuance, while avoiding insolvency and mandatory open offer. ^*
• TPGin its investment in Reliance Retail Ventures Limited. ^*
• Asia Healthcare Holdings Pte. Ltd. in its fund raise from GIC. ^*
• The Rise Climate Fund and Evercare in their successful approx. USD 1 billion exit from the Care Hospital Group^*
• TPGin its investment in Jio Platforms Limited. ^*
• National Investment and Infrastructure Fundin obtaining an approximately USD 800 million funding commitment from the President of India. ^*
• Altico Capital India Limited, a stressed debt-listed systematically important non-banking financial company in its financial resolution and eventual sale. ^*
• Life Insurance Corporation of Indiain its USD 4.4 billion acquisition of majority shareholding in IDBI Bank Limitedthrough preferential issue and an open offer. ^*
• Rise Fund SF Pte Ltd.in its investment in Fourth Partner Energy Private Limited, a distributed solar power company. ^*
• Oil and Natural Gas Corporation Limited, in over USD 5 billion acquisition of 51% shareholding in Hindustan Petroleum Corporation Limited. ^*
• Sumitomo Corporationin its joint-venture with Mahindra Agri Solutions Ltd. for crop care business. ^*
• Ricoh Company Ltd, with respect to an alleged accounting fraud at its Indian subsidiary. ^*
• Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia in its investment in TransUnion CIBIL Limited, the major credit rating agency in India. ^*
• TPG in its investment and partial exit from Solara Active Pharma, a public listed company. ^*
• India Resurgence Fund(a Bain Capital and Piramal Enterprises partnership) and Dalmia Cement (Bharat) Limited, in over USD 1 billion uncompleted acquisition of Binani Cement Limited, contested up to the Supreme Court of India. ^*

^{* Matter handled prior to joining JSA.}