Akila Agrawal

Akila has over 20 years of experience in matters pertaining to mergers & acquisitions, joint ventures, corporate restructuring and general corporate advisory.

She has extensively handled acquisitions, disposals, takeover offers, delisting offers, commercial contracts, and SEBI related matters. She specialises in public M&A. Akila has considerable national and international experience having served several significant clients across a broad range of industries and sectors.

Relevant Representation

• Oracle Corporation on the acquisition of 43% stake in iFlex Solutions Limited.
• FedEx Corporation on its acquisition of Prakash Air Freight Private Limited and AFL Private Limited.
• The Government appointed board of Satyam Computer Services Limited on the public bid and sale of majority stake in the company to Tech Mahindra.
• Fresenius Kabi in its acquisition of Dabur Pharma Limited, parental drugs business of Goa Formulations Limited and the India businesses of Fenwal Inc; sale of its sterile manufacturing business to Puniska Injectables.
• GE in its delisting offer of GE Transportation Financial Services; transfer of their loan assets portfolio to Shriram Transport Finance; investment in Birla Soft Limited; spin-off of its global engineering division and sale of its security business to UTC; and transfer of its nuclear business in India to EDF.
• Alstom SA and Schneider Electric in its indirect acquisition of Areva India and their joint open offer to the public shareholders of Areva India; and global sale of Alstom’s thermal power business to GE.
• Siemens AG in connection with its voluntary open offer to the public shareholders of Siemens India Limited.
• Citigroup and DSP Merrill Lynch, on the buy-back offer made by Reliance Industries Limited.
• PVR Limited in its acquisition of Cinemax India and consequent mandatory tender offer; acquisition of DT Cinemas; the sale of shares by Mr. Bijli to Warburg Pincus; and the sale of their BluO Entertainment business to Smaash Entertainment Limited.
• DLF Limited in the sale of 40% promoter stake in its commercial real estate arm to GIC Singapore; DLF Brands in the transfer of its Mother’s Pride, Lens Crafters and Sunglass Hut businesses to Reliance Retail.
• The Coca-Cola Company in its M&A transactions in India.
• Mastercard in relation to its investment in Pine Labs Pte. Ltd.
• Persistent System in its acquisition of MediaAgility India, Shree Infosoft and Data Glove IT Solutions.
• The Promoters of ZEE Entertainment in the offloading of their stake to Oppenheimer Fund and other investors through off-market and on-market transactions.
• Philips India Limited in the demerger of its lighting business; Philips KPNV in the demerger and sale of its domestic appliances business to Hillhouse Capital;
• Signify in its acquisition of the global lighting business of Eaton Corporation
• Escorts Limited in its strategic venture with Kubota Corporation.
• Sanmina Corporation in its joint venture with Reliance.
• Azim Premji Trust in its various investments in India.
• Principal Group in transfer of its mutual funds business to Sundaram Mutual Funds.
• Krafton, Inc. in its investments in Talent Unlimited (Bobble), Nasadiya Technologies, Nautilus Mobile App and Mebigo Labs.
• Evosys Group in selling its middle eastern business to Mastek UK Limited.
• eClerx LLC in its acquisition of Eclipse Global Holdings.
• Allen Career Institute Private Limited in its strategic venture with Bodhi Tree Systems.
• Alghanim Industries in the sale of its stake in Rockwool India Private Limited to Saint-Gobain India Private Limited.
• Lear Corporation in its acquisition of the India business of Kongsberg Automotive.
• Pernod Ricard India in its minority acquisition in Aarti Distilleries.
• Stone Point LLC in its acquisition of Duff & Phelps.
• V-Guard Industries in its acquisition of Sunflame Enterprises
• Aetna entities (part of the CVS group) on their exit from Indian Health Organization Private Limited.

Awards & Recognition

• Consistently ranked in Chambers & Partners Global and Chambers Asia Pacific for Corporate and M&A practice for several years
• IFLR1000 has consistently named her a ‘Notable Practitioner’ for M&A; Private Equity for several years
• AsiaLaw leading lawyers has for several years featured Akila as a ‘Distinguished Practitioner’ for Corporate M&A
• Who’s Who Legal India has consistently named her as a global leader and thought leader in M&A and Governance for several year

Memberships

• Asia Pacific Regional Forum Liaison Officer, Women Lawyers’ Committee, International Bar Association
• Enrolled with the Bar Council of Delhi, India
• Member of the Supreme Court Bar Association