Band 1
Provided by Chambers
Rajat Sethi handles inbound investments and cross-border acquisitions on behalf of both buyers and sellers from S&R Associates' Mumbai office.
Provided by Chambers
Rajat is very experienced and skilful in supporting our corporate and M&A work.
Rajat is very experienced and skilful in supporting our corporate and M&A work.
17 items provided by S&R Associates
Investing in India: An Overview of Legal Considerations – 2025 Checklist
Foreign investment continues to play a crucial role in India's economic growth with India achieving the milestone of having received USD 1 trillion of foreign direct investment since April 2000. While the cumulative FDI received in the financial years ended March 31, 2023, and March 31, 2024 remaine
Fiber Opportunity in India: Regulatory Framework and Right-of-Way Management
With increasing demand for high-speed internet, 5G roll-out and data center growth, deployment of a robust and reliable optic fiber cable (“OFC”) infrastructure has become essential to support India’s expanding digital ecosystem. Fueled by this market opportunity, companies are focusing on expanding
Accessing Space for Commercial Activities and Satellite Spectrum Allocation in India
The Government of India has been actively working towards liberalizing the space sector and enhancing private sector participation. In this regard, given the stakes involved and the positions taken by various interested parties, the process for allocation of satellite spectrum remains a contentious
Permissibility of Selective Capital Reduction Under the Companies Act, 2013 and the Wider “Take Priv
In a departure from existing precedents, the National Company Law Tribunal, Kolkata bench (“NCLT”), pursuant to its order dated September 19, 2024, rejected a petition for reduction of capital under Section 66 of the Companies Act, 2013 filed by Philips India Limited, an unlisted company, to cancel
M&A in the Ports Sector in India: Key Regulatory and Contractual Considerations
The Indian ports sector is witnessing increased private sector participation, particularly by way of Public-Private Partnerships (“PPP”). The government has facilitated private sector participation by adopting investor friendly PPP models and streamlining tender processes and concession agreements f
Foreign Investment in India from Bordering Countries: A Case for Review
Press Note No. 3 (2020 Series) (“PN3”) was introduced with the primary objective of “curbing opportunistic takeovers and acquisitions of Indian companies due to the COVID-19 pandemic.” However, the circumstances that prompted introduction of PN3 have changed significantly. There is a need to reflect
[S&R AI Focus] Climate Change and ESG Considerations in India’s AI-Driven Future
As AI continues to transform industries in crucial ways, the training of large AI models remains highly energy- and resource-intensive, resulting in significant emissions and waste. For countries and companies which have ambitious net-zero goals, balancing AI ambitions with existing decarbonization
Related Party Transactions: Recent SEBI Scrutiny
The Securities and Exchange Board of India (“SEBI”) has been continuously calibrating the disclosure requirements applicable to Indian listed companies to increase transparency and accessibility of information to investors. Provisions regulating related party transactions (“RPTs”), and appropriate d
Safeguarding Biodiversity or Mitigating the Impact of Climate Change: A Novel Dilemma
In a landmark judgement delivered in March 2024, in MK Ranjitsingh & Others vs. Union of India & Others, the Supreme Court of India sought to balance two goals which it considered “equally crucial” – the conservation of a “critically endangered species”, the Great Indian Bustard, and the conservatio
Front running trades are trades where an investor has placed an order in a stock while in possession of “non-public information” of “a substantial impending transaction” in that stock. Such trades not only distort the level playing field in the securities market by taking advantage of unequal inform
The Indo-Pacific Economic Framework for Prosperity: Opportunities for Indian Companies
Along with 13 other countries (including the US, Japan, Singapore, South Korea and Australia), India has joined the Indo-Pacific Economic Framework for Prosperity (“IPEF”). Representing 40% of global GDP and almost 30% of international trade in goods and services, the IPEF is expected to promote eco
Foreign Investment in Nuclear Energy in India
Nations across the globe have announced their net zero targets and other climate action commitments. Each country is pursuing its own pathway to achieve the net zero goal considering the resources available to it. In this background, in December 2023, the Government of India announced that it has in
Geopolitical and National Security Considerations in Outbound Foreign Investment
In a world characterized by geopolitical shifts and heightened national security concerns, the realm of foreign investment is undergoing a profound transformation. Disruptive events, evolving alliances and strategic recalibrations are increasingly influencing how nations perceive the risks and oppor
Modifications to Schemes of Arrangement
Once a scheme of arrangement has been approved by its shareholders or the relevant National Company Law Tribunal, what, if any, modifications are permissible to the scheme of arrangement without seeking fresh shareholder approval? This note considers the legal framework for modifications to approved
[S&R Data+] All Aboard: Getting Ready for India’s New Data Protection Journey
The Digital Personal Data Protection Act, 2023 (the “DPDP”) is poised to (re)define India’s legal framework with respect to the processing of digital personal data. This new regime is designed to be an overarching one, irrespective of data category (in terms of sensitivity) or entity type. While pr
Regulating Artificial Intelligence in India: Challenges and Considerations
Artificial Intelligence (“AI”), and generative AI applications in particular (e.g., ChatGPT), may revolutionize vast sections of the global economy. Significantly, this change could occur sooner than expected. On account of its ability to understand and process natural language, generative AI can pe
Reverse Flipping: Is it Time to Return Home?
In the last few years, many Indian businesses “flipped” their shareholding structure by setting up a holding company in offshore jurisdictions. This was driven by several factors, including commercial, tax and regulatory considerations. However, this trend has reversed in recent times and the notion
Investing in India: An Overview of Legal Considerations – 2025 Checklist
Foreign investment continues to play a crucial role in India's economic growth with India achieving the milestone of having received USD 1 trillion of foreign direct investment since April 2000. While the cumulative FDI received in the financial years ended March 31, 2023, and March 31, 2024 remaine
Fiber Opportunity in India: Regulatory Framework and Right-of-Way Management
With increasing demand for high-speed internet, 5G roll-out and data center growth, deployment of a robust and reliable optic fiber cable (“OFC”) infrastructure has become essential to support India’s expanding digital ecosystem. Fueled by this market opportunity, companies are focusing on expanding
Accessing Space for Commercial Activities and Satellite Spectrum Allocation in India
The Government of India has been actively working towards liberalizing the space sector and enhancing private sector participation. In this regard, given the stakes involved and the positions taken by various interested parties, the process for allocation of satellite spectrum remains a contentious
Permissibility of Selective Capital Reduction Under the Companies Act, 2013 and the Wider “Take Priv
In a departure from existing precedents, the National Company Law Tribunal, Kolkata bench (“NCLT”), pursuant to its order dated September 19, 2024, rejected a petition for reduction of capital under Section 66 of the Companies Act, 2013 filed by Philips India Limited, an unlisted company, to cancel
M&A in the Ports Sector in India: Key Regulatory and Contractual Considerations
The Indian ports sector is witnessing increased private sector participation, particularly by way of Public-Private Partnerships (“PPP”). The government has facilitated private sector participation by adopting investor friendly PPP models and streamlining tender processes and concession agreements f
Foreign Investment in India from Bordering Countries: A Case for Review
Press Note No. 3 (2020 Series) (“PN3”) was introduced with the primary objective of “curbing opportunistic takeovers and acquisitions of Indian companies due to the COVID-19 pandemic.” However, the circumstances that prompted introduction of PN3 have changed significantly. There is a need to reflect
[S&R AI Focus] Climate Change and ESG Considerations in India’s AI-Driven Future
As AI continues to transform industries in crucial ways, the training of large AI models remains highly energy- and resource-intensive, resulting in significant emissions and waste. For countries and companies which have ambitious net-zero goals, balancing AI ambitions with existing decarbonization
Related Party Transactions: Recent SEBI Scrutiny
The Securities and Exchange Board of India (“SEBI”) has been continuously calibrating the disclosure requirements applicable to Indian listed companies to increase transparency and accessibility of information to investors. Provisions regulating related party transactions (“RPTs”), and appropriate d
Safeguarding Biodiversity or Mitigating the Impact of Climate Change: A Novel Dilemma
In a landmark judgement delivered in March 2024, in MK Ranjitsingh & Others vs. Union of India & Others, the Supreme Court of India sought to balance two goals which it considered “equally crucial” – the conservation of a “critically endangered species”, the Great Indian Bustard, and the conservatio
Front running trades are trades where an investor has placed an order in a stock while in possession of “non-public information” of “a substantial impending transaction” in that stock. Such trades not only distort the level playing field in the securities market by taking advantage of unequal inform
The Indo-Pacific Economic Framework for Prosperity: Opportunities for Indian Companies
Along with 13 other countries (including the US, Japan, Singapore, South Korea and Australia), India has joined the Indo-Pacific Economic Framework for Prosperity (“IPEF”). Representing 40% of global GDP and almost 30% of international trade in goods and services, the IPEF is expected to promote eco
Foreign Investment in Nuclear Energy in India
Nations across the globe have announced their net zero targets and other climate action commitments. Each country is pursuing its own pathway to achieve the net zero goal considering the resources available to it. In this background, in December 2023, the Government of India announced that it has in
Geopolitical and National Security Considerations in Outbound Foreign Investment
In a world characterized by geopolitical shifts and heightened national security concerns, the realm of foreign investment is undergoing a profound transformation. Disruptive events, evolving alliances and strategic recalibrations are increasingly influencing how nations perceive the risks and oppor
Modifications to Schemes of Arrangement
Once a scheme of arrangement has been approved by its shareholders or the relevant National Company Law Tribunal, what, if any, modifications are permissible to the scheme of arrangement without seeking fresh shareholder approval? This note considers the legal framework for modifications to approved
[S&R Data+] All Aboard: Getting Ready for India’s New Data Protection Journey
The Digital Personal Data Protection Act, 2023 (the “DPDP”) is poised to (re)define India’s legal framework with respect to the processing of digital personal data. This new regime is designed to be an overarching one, irrespective of data category (in terms of sensitivity) or entity type. While pr
Regulating Artificial Intelligence in India: Challenges and Considerations
Artificial Intelligence (“AI”), and generative AI applications in particular (e.g., ChatGPT), may revolutionize vast sections of the global economy. Significantly, this change could occur sooner than expected. On account of its ability to understand and process natural language, generative AI can pe
Reverse Flipping: Is it Time to Return Home?
In the last few years, many Indian businesses “flipped” their shareholding structure by setting up a holding company in offshore jurisdictions. This was driven by several factors, including commercial, tax and regulatory considerations. However, this trend has reversed in recent times and the notion
