Anchal Dhir

Anchal specialises in advising on M&A and Private Equity transactions.

Anchal has extensive experience in advising large Indian groups, Global corporations, and Private Equity clients on complex transactions. She regularly advises listed companies, their sponsors, acquirers and investors on a broad range of transactions including control acquisitions and exits, PIPE deals, corporate restructurings and joint ventures.

Given her extensive experience of advising various stakeholders in the listed space, Anchal is an integral part of the Firm’s corporate governance initiatives and advisory practice, and regularly advises boards on corporate governance and crisis management.

Anchal is regularly involved in the Firms engagements on M&A, Takeovers and Corporate Governance with the securities regulator, SEBI. In 2023-24, she assisted the Industry Standards Forum, set up by SEBI, on revisions and issuance of guidance notes regarding important disclosure issues as well as the rumour verification framework. She was also part of the drafting team that assisted the SEBI Committee on Corporate Governance, under the Chairmanship of Mr. Uday Kotak in preparation and finalisation of the Committee Report.

Professional Experience

Indicative list in M&A/ PE

IndoStar Capital Finance Limited, a Brookfield portfolio company, on sale of IndoStar Home Finance to EQT.
Kedaara Capital and Partners Group, on exit from Aavas Financiers Limited pursuant to acquisition by CVC Capital Partners.
Johnson Controls International plc, on sale of HVAC Business to Bosch Group.
Amphenol Corporation, on global acquisition of the CommScope Group’s mobile network business.
Shiva Group, on its acquisition of Ineous Styrolution India Limited.
Adani Group, on its acquisition of Ambuja Cements and ACC from Holcim.
Burger King India, an Everstone portfolio company, on acquisition of Burger King Indonesia.
Tata Group, on acquisition of the Government shareholding in Tata Communications Limited.
IndoStar Capital Finance, on acquisition of controlling interest by Brookfield.
Gardner Denver Holdings Inc., on acquisition of Ingersoll-Rand (India) Limited pursuant to acquirer’s merger with the industrial segment of Ingersoll Rand.
True North, on acquisition of a controlling stake in Shree Digvijay Cements Limited.
Reliance Industries Limited and Reliance Jio, on acquisition of a controlling stake in Hathway Cable and Datacom Limited.
Kraft Heinz, on sale of its India business to Zydus Wellness.
The Procter & Gamble Company, on acquisition of controlling interest in Merck Limited as part of global acquisition of Consumer Health Business of Merck KGaA, Darmstadt, Germany.
Bank of America-Merrill Lynch Limited and Credit Suisse, merchant bankers to Bayer Aktiengesellschaft, on the tender offer made to the shareholders of Monsanto India Limited.
Promoters of Essar Oil Limited, delisting of Essar Oil and on the sale of 100% of their shares of Essar Oil Limited to a consortium of OJSC Rosneft Oil Company, Trafigura and United Capital Partners.

Indicative list in Corporate Governance

Assisted boards of several listed companies in crisis management, including dealing with whistle blower complaints against KMPs/ board members (including undertaking investigations), shareholder actions and event based disclosure issues.
Assisted boards of several listed companies on board restructurings in situations involving succession planning, compliance with legal requirements and appointment/ removal of directors (including by way of shareholder requisitions).
Assisted the Board of CG Power and Industrial Solutions Limited in dealing with the findings of a forensic report that indicated the then management and promoter being involved in certain illegal transactions.
Assisted the new Board of Infrastructure Leasing & Financial Services Limited, appointed pursuant to the NCLT order, on governance matters.