Veritas Legal

Mumbai Office

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Managing Partner: Abhijit Joshi
Number of partners: 8
Number of lawyers: 35
Languages: English, Hindi

Firm Overview:
Veritas Legal is a boutique law firm established in 2015, consisting of experienced professionals. In a short span of 6 years, the firm has been involved in over 100 noteworthy M&A and private equity deals, and more than 500 litigation filings in various judicial fora across the country. The firm’s clients benefit from the team’s past experience, blended with the personal attention and streamlined advice that is provided.

Main Areas of Practice:
Competition/Antitrust:
1 partner; 3 fee earners
■ Represented the Kedaara Group in filing and obtaining a CCI ‘Green Channel’ approval for the acquisition of a minority stake in Religare Health Insurance Company. (Awarded Deal of the Year by India Business Law Journal (IBLJ))
■ Represented International Paper Group in obtaining CCI approval for the sale of its shareholding in its India subsidiary to West Coast Paper Mills
Contact: Nandish Vyas
Tel: +91 22 4368 6700
Email: [email protected]

Corporate/M&A:
5 partners; 25 fee earners
■ Representing Pfizer Ltd. on the joint venture with Glaxo- SmithKline Consumer Private Ltd., pursuant to the global Consumer Healthcare joint venture between GSK plc and Pfizer Inc; for their on-going joint venture between Upjohn Inc. and Mylan N.V.
■ Advised International Paper Company and its subsidiaries, IP International Holdings, Inc. and International Paper Investments (Luxembourg) S.A.R.L. in the acquisition by West Coast Paper Mills Ltd. of a minimum of 51% shareholding of Andhra Paper Ltd
■ Represented Claris Lifesciences Ltd. in the sale of its global generics injectables business to Baxter International Inc. (Awarded Deal of the Year by IBLJ)
■ Advised Hotel Leelaventure Ltd. and Promoters of the Leela Group on the sale of its hotel assets across Indian cities to a Brookfields SPV
Contact: Abhijit Joshi
Tel: +91 22 4368 6700
Email: [email protected]


Litigation & Arbitration:
3 partners; 10 fee earners
■ Represented ICICI Bank Ltd. in a writ petition filed against it by its former MD & CEO, Ms. Chanda Deepak Kochhar. Given the position of the person involved and the alleged wrong doings, the matter was continuously susceptible to public scrutiny, making it very sensitive. The matter is currently pending in the Supreme Court of India
■ Represented Pfizer Ltd. in a landmark case which resulted in successfully setting aside multiple notifications issued by the Government of India proposing to ban over 300 FDC drugs sold in the country
Contact: Rahul Dwarkadas
Tel: +91 22 4368 6700
Email: [email protected]

Pharmaceuticals & Lifesciences
3 partners; 8 fee earners
■ Acted for Signet Excipients Private Ltd. in the sale of its majority stake to IMCD N.V.
■ Advising Pfizer Ltd. with respect to the proposed vaccine roll-out in India; acquisition of the brand “Neksium” from AstraZeneca AB; merger with Wyeth Ltd
■ Advised Claris Lifesciences Ltd. in the sale of its global generics injectable business to Baxter International Inc. (Awarded Deal of the Year by IBLJ); sale of its stake in Otsuka Pharmaceutical India Pvt. Ltd. to Otsuka Pharmaceutical Factory, Inc.
■ Advised Asia Healthcare Holdings (founded by TPG Growth) in the acquisition of a substantial majority stake in Nova Medical Centre, to become the first P.E. deal for full ownership of an IVF business
■ Extensive advisory services in the regulatory sphere, including telemedicine
Contact: Tushar Raut
Tel: +91 22 4368 6700
Email: [email protected]

Private Client Practice:

2 partners; 3 fee earners
This practice deals with issues relating to the complexity of family function, generational differences and ambitions, trusts, estates and wills. The practice also integrates with various service providers in multiple jurisdictions to provide holistic solutions for NRIs having global assets. Given the nature of private client work, the clients names are kept confidential.
Contact: Kunal Doshi
Tel: +91 22 4368 6700
Email: [email protected]

Private Equity:
4 partners; 25 fee earners
■ Advised TPG for a minority investment in Nykaa, Lenskart Solutions Pvt. Ltd., Dodla Dairy and BookMyShow; for acquisition of a significant majority stake in Nova Medical Centre, Sutures India Private Ltd. and Quality Needles
■ Represented Partners Group and Kedaara Capital in the acquisition of Vishal Mega Mart from TPG Capital
■ Represented Partners Group for the acquisition of the Indian entities of SPi Global Group as part of the 100% global acquisition of SPi Global Group; for their primary investment in Ecom Express Pvt. Ltd. and secondary acquisition of shares from Eaglebay Investment Ltd. (a Warburg Pincus entity) and the promoter group; for the sale of its shares to KKR for a significant majority stake in Eurokids International Pvt Ltd and Euroschool International Pvt. Ltd
■ Advised Kedaara Capital for minority investments in Religare Health Insurance Company Ltd. (Awarded Deal of the Year by IBLJ), and Veritas Finance Private Ltd.
■ Represented Goldman Sachs for their investment in Manash Lifestyle Private Ltd. (Purplle) and a subsequent secondary acquisition of shares
Contact: Abhijit Joshi
Tel: +91 22 4368 6700
Email: [email protected]

Real Estate:
2 partners; 5 fee earners
■ Advised Hotel Leelaventure Ltd. and Promoters of the Leela Group on the sale of its hotel assets in Delhi, Chennai, Udaipur and Bangalore to Brookfields SPV. (Awarded Deal of the Year by IBLJ)
■ Advised Siemens Ltd. for sale of its manufacturing unit located in Gujarat to L. M. Wind Power Blades (India) Private Ltd. (a group company of G.E.); conducted title diligence, issued title reports and advised in respect of approximately 40 land parcels in India
■ Advised Four Seasons Hotels on hotel management agreements, branded residences and serviced apartments in Mumbai, Goa, Bangalore and Gurgaon
■ Represented The Trump Organization projects in Pune, Gurgaon, Kolkata and Mumbai
Contact: Vineet Nalawalla
Tel: +91 22 4368 6700
Email: [email protected]

Restructuring & Insolvency:
2 partners; 8 fee earners
■ Advised Yes Bank in relation to the insolvency proceedings initiated by Reliance ADAG against Maharashtra Vidyut Nigam Ltd
■ Represented prospective investors in formulating a resolution plan for multiple Indian companies undergoing corporate insolvency resolution process under the Insolvency & Bankruptcy Code, 2016 including companies (listed in the initial top 12 companies) referred to the corporate insolvency resolution process by the Reserve Bank of India
■ Represented operational creditors in the insolvency proceedings initiated against Essar Steel
Contact: Rahul Dwarkadas
Tel: +91 22 4368 6700
Email: [email protected]

Retail, E-commerce & Franchise:
3 partners; 10 fee earners
■ Represented TPG for their investments in Livspace, Book- MyShow and lenskart.com
■ Represented Epiq Capital in its acquisition of a stake in online home rental network Nestaway Technologies Private Ltd.; for the subscription of securities in GHV Advanced Care Private Ltd. (Pristyncare)
■ Advised Temasek in its investment in snapdeal.com
■ Acted for and advised Tencent in the Series F Investment Round with General Atlantic in Byju’s ■ Acted for and advised Mayfield Fund in its investment in lendingkart.com
■ Advised Disney on the launch of its Disney stores in India
Contact: Nandish Vyas
Tel: +91 22 4368 6700
Email: [email protected]

Technology, Media & Telecommunication:
2 partners; 5 fee earners
■ Represented GTL Infrastructure Ltd. on the rights offer made to its shareholders, including due diligence on the company and preparation of the offer documents
■ Represented Orange Waves Networks Pvt. Ltd. in the review and negotiation of key commercial agreements entered with Amazon Digital Services Pvt. Ltd
Contact: Abhijit Joshi
Tel: +91 22 4368 6700
Email: [email protected]

White Collar Crime
3 partners; 10 fee earners
■ Representing Deloitte Haskins & Sells LLP, in the ongoing investigation and proceedings with respect to Infrastructure Leasing & Financial Services Ltd. before various fora in India (Awarded Deal of the Year by IBLJ)
■ Representing the Mumbai International Airport Ltd. and the promoters of GVK Group, who run the Mumbai International Airport, in numerous proceedings. The matter is complex and so far, any adverse action has been avoided
Contact: Rahul Dwarkadas
Tel: +91 22 4368 6700
Email: [email protected]