S&R Associates represented ICICI Bank, Yes Bank and other investors in a INR 10 billion investment in listed, non-convertible debentures of Grasim Industries Limited, a flagship company of the Aditya Birla Group.

The S&R team was led by partners Divyanshu Pandey and Arpita Garg and counsel Kinnari Sanghvi, and included associates Harshdeep Singh Bedi and Ramkrishna Panigrahi.