Practice Areas
Partner
Corporate, Mergers & Acquisitions, GIFT IFSC, Financial Institution
Ketaki Gor Mehta is currently leading the Firm’s GIFT City IFSC practice on ground while advising a varied bouquet of clients across practice areas and across sectors. She is also part of the Firm’s financial regulatory service practice for mainland India laws and an integral part of the firm’s Ahmedabad regional practice.
Ketaki specialises in joint venture, M&A, private equity, venture capital and angel investments and regularly advises multinationals and private equity clients across industry sectors, on buy side as well as sell side, on all types of M&A and cross border investment transactions including mergers, amalgamations, asset and business sale purchase, financial investments, joint ventures and strategic buy outs of listed and unlisted companies. She has also advised on corporate lending transactions, project finance, acquisition finance and structured finance transactions.
She also advises on general corporate matters and transaction structuring involving various banking and finance laws, securities laws, exchange control laws, particularly in relation to inbound and outbound debt and non-debt investments and sector specific laws.
Relevant Experience:
Professional Experience (IFSC, GIFT City)
• End to end legal assistance to Deakin University in setting up its standalone international branch campus in IFSC, GIFT City (1st in IFSC).
• Drafting and advising Vayana Trade Exchange and M1 Exchange (2 out the 4 permitted players) on the entire deck of platform documents as well as master agreements for the ITFS Platform at IFSC.
• Advising HFDC Bank IFSC Banking Unit on structure, documentation and regulatory approvals in relation to launch of NSE IFSC receipts (unsponsored depository receipts with US stocks as underlying) on NSE IFSC exchange. This was the first unsponsored depository receipts issued by an Indian bank in the capacity of custodian.
• Advising on and drafting necessary documentation and application for clients participating in the IFSCA sandbox.
• Working on various policy advocacy matters for stakeholders in the GIFT IFSC ecosystem, as also working very closely with GIFT City Limited and IFSCA on various aspects relating to IFSC laws.
• Advising various IFSC Banking units on a range of matters including product proofing from an India as well as IFSC laws perspective, standardisation of IFSC product documents, other legal advisory etc.
• Advising various IFSC units on various IFSC laws including governance, staffing, AML/KYC compliance, policy drafting, and other advisory.
Professional Experience (M&A)
• Banking: IDFC Limited’s USD 9.2 billion ongoing merger with IDFC FIRST Bank - India’s second largest private sector banking consolidation (2023); Bank of Baroda’s ongoing sale, through bid process, of its majority holding in the Nainital Bank (2022-23).
• Asset Management: USD 589 million sale of IDFC Mutual Fund (MF) to consortium of Bandhan Bank, GIC Singapore and ChrysCapital, through a bid process: India largest AMC/ MF sale (2022-23); acquisition of Indiabulls MF by GROWW (2021).
• Speciality Finance/NBFC: Adani Group on the ongoing sale of its NBFC and Housing Finance businesses to Bain Capital (2023).
• Technology/FinTech: MoneyGram’s USD 1.8 billion sale to Madison Dearborn Partners (2022-23); Hadeed Group’s investment in Gigin (2022),
Professional Experience (Financial Services Regulatory Practice)
• Advising major Russian banks in their branch office setup and a Canadian bank in its representative office in India.
• Advising major US Banks on their regulatory matters relating to its representative office in India.
• Advised a consortium of Centrum Group and BharatPe on setting up the ‘Unity Small Finance Bank’ and its subsequent amalgamation with PMC Bank (2021-22).
• Advising various regulated entities as well as fintechs on digital lending, super app structures, cross border payments, card networks, prepaid instruments, co-lending, wallets, product proofing, co-branded cards, payment aggregators and escrow structures.