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Mehul Shah

Partner at Khaitan & Co

Lawyer

Deal Bio

Total Deals24

Valued Deals20

Total Value£ 14.91 B

Avg. Deal Size£ 745 M

Market Context

Awards

2020 Top M&A Lawyers in India

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17 Dec 2019|India|Specialty Retailers

Target: BP RELIANCE JOINT VENTURE

Bidder: RELIANCE INDUSTRIES LIMITED (RIL)

4 Service Providers

4 Bidder

44 Dealmakers

44 Bidder

n/a

Value

06 Feb 2020|India|Cement

Target: EMAMI GROUP (CEMENT BUSINESS)

Bidder: NUVOCO VISTAS CORPORATION

6 Service Providers

2 Bidder | 4 Vendor

32 Dealmakers

24 Bidder | 8 Vendor

£ 591 M

Value

27 Aug 2020|India|Diversified Financials

Target: EDELWEISS WEALTH MANAGEMENT

Bidder: PAG ASIA CAPITAL

5 Service Providers

1 Target | 2 Bidder | 2 Vendor

17 Dealmakers

1 Target | 4 Bidder | 12 Vendor

£ 225 M

Value

29 Aug 2020|India|Diversified Retailers

Target: FUTURE GROUP (RETAIL & WHOLESALE BUSINESS)

Bidder: RELIANCE INDUSTRIES LIMITED (RIL)

11 Service Providers

10 Bidder | 1 Vendor

63 Dealmakers

63 Bidder | 1 Vendor

£ 2.53 B

Value

31 Jan 2020|India|Iron and Steel

Target: FERRO ALLOYS CORPORATION LTD

Bidder: VEDANTA LIMITED

3 Service Providers

1 Target | 2 Bidder

13 Dealmakers

2 Target | 11 Bidder

£ 29 M

Value

23 Mar 2021|India|Ports

Target: GANGAVARAM PORT

Bidder: ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD

4 Service Providers

2 Target | 2 Bidder

16 Dealmakers

4 Target | 13 Bidder

£ 351 M

Value

31 Jan 2022|India|Investment Banking

Target: SPARK CAPITAL (INSTITUTIONAL EQUITIES BUSINESS)

Bidder: AVENDUS CAPITAL

5 Service Providers

3 Bidder | 2 Vendor

16 Dealmakers

13 Bidder | 3 Vendor

n/a

Value

01 Feb 2022|India|Specialty Chemicals

Target: TANFAC INDUSTRIES

Bidder: ANUPAM RASAYAN

4 Service Providers

3 Bidder | 1 Vendor

7 Dealmakers

1 Bidder | 6 Vendor

£ 15 M

Value

03 Aug 2023|India|Cement

Target: SANGHI INDUSTRIES

Bidder: AMBUJA CEMENTS LIMITED

6 Service Providers

2 Target | 4 Bidder

32 Dealmakers

20 Target | 12 Bidder

£ 269 M

Value

21 Sep 2023|India|Pharmaceuticals

Target: GLENMARK LIFE SCIENCES

Bidder: NIRMA GROUP

7 Service Providers

2 Target | 2 Bidder | 3 Vendor

27 Dealmakers

1 Target | 24 Bidder | 2 Vendor

£ 549 M

Value

06 Oct 2023|United States|Digital Services

Target: ILINK DIGITAL

Bidder: TRUE NORTH

8 Service Providers

4 Target | 4 Bidder

39 Dealmakers

16 Target | 26 Bidder

£ 61 M

Value

28 Feb 2024|India|Entertainment

Target: RELIANCE INDUSTRIES / VIACOM18 / DISNEY JOINT VENTURE

Bidder: BODHI TREE SYSTEMS

20 Service Providers

19 Bidder | 1 Vendor

123 Dealmakers

121 Bidder | 2 Vendor

£ 6.70 B

Value

13 Mar 2024|India|Entertainment

Target: VIACOM18

Bidder: RELIANCE INDUSTRIES LIMITED (RIL)

6 Service Providers

1 Target | 2 Bidder | 3 Vendor

54 Dealmakers

1 Target | 48 Bidder | 7 Vendor

£ 404 M

Value

19 Feb 2024|India|Automobiles

Target: TVS MOBILITY / MITSUBISHI CORPORATION JOINT VENTURE

Bidder: TVS MOBILITY

4 Service Providers

4 Bidder

28 Dealmakers

28 Bidder

£ 28 M

Value

16 Sep 2024|India|Tires

Target: CAVENDISH INDUSTRIES

Bidder: JK TYRE & INDUSTRIES

3 Service Providers

1 Target | 2 Bidder

12 Dealmakers

1 Target | 11 Bidder

£ 367 M

Value

26 Sep 2024|India|Casinos and Gambling

Target: DELTA CORP (GAMING AND HOSPITALITY BUSINESSES)

Bidder: INSTITUTIONAL INVESTORS

2 Service Providers

2 Vendor

8 Dealmakers

8 Vendor

n/a

Value

18 Nov 2024|India|Pharmaceuticals

Target: GUJARAT THEMIS BIOSYN

Bidder: THEMIS MEDICARE

3 Service Providers

1 Target | 2 Bidder

10 Dealmakers

1 Target | 9 Bidder

£ 25 M

Value

31 Mar 2025|India|Food Products

Target: HALDIRAM SNACKS

Bidder: TEMASEK HOLDINGS LIMITED

6 Service Providers

2 Target | 4 Bidder

101 Dealmakers

51 Target | 51 Bidder

£ 767 M

Value

06 May 2025|United States|Diversified Industrials

Target: CARESOFT GLOBAL (ENGINEERING SOLUTIONS BUSINESS)

Bidder: KPIT TECHNOLOGIES

4 Service Providers

3 Bidder | 1 Vendor

6 Dealmakers

5 Bidder | 1 Vendor

£ 143 M

Value

29 Jun 2025|India|Pharmaceuticals

Target: JB CHEMICALS & PHARMACEUTICALS

Bidder: TORRENT PHARMACEUTICALS

15 Service Providers

5 Target | 6 Bidder | 4 Vendor

50 Dealmakers

1 Target | 44 Bidder | 6 Vendor

£ 1.64 B

Value

26 Apr 2025|India|Automobiles

Target: SML ISUZU LTD

Bidder: MAHINDRA GROUP

6 Service Providers

1 Target | 3 Bidder | 2 Vendor

32 Dealmakers

1 Target | 29 Bidder | 2 Vendor

£ 48 M

Value

28 Jul 2025|United Kingdom|Entertainment

Target: MANCHESTER ORIGINALS LIMITED

Bidder: LANCASHIRE CRICKET

5 Service Providers

1 Target | 3 Bidder | 1 Vendor

23 Dealmakers

1 Target | 19 Bidder | 3 Vendor

£ 107 M

Value

21 Jun 2025|India|Cement

Target: VADRAJ CEMENT LIMITED

Bidder: NUVOCO VISTAS CORPORATION

5 Service Providers

1 Target | 4 Bidder

26 Dealmakers

1 Target | 25 Bidder

n/a

Value

09 Aug 2025|India|Capital Goods

Target: BRFL TEXTILES

Bidder: GOKALDAS EXPORTS LTD

3 Service Providers

1 Target | 2 Bidder

13 Dealmakers

1 Target | 12 Bidder

£ 46 M

Value