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Zia Mody

Founding Partner at AZB & Partners

Lawyer

Mumbai

Deal Bio

Total Deals28

Valued Deals24

Total Value£ 81.41 B

Avg. Deal Size£ 3.39 B

Market Context

Awards

2022 Top M&A Lawyers in India

2021 Top M&A Lawyers in India

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25 Feb 2019|India|IT Services: Other

Target: MINDTREE

Bidder: LARSEN AND TOUBRO

10 Service Providers

1 Target | 6 Bidder | 2 Vendor

21 Dealmakers

3 Target | 9 Bidder | 8 Vendor

£ 1.19 B

Value

15 May 2018|India|Iron and Steel

Target: BHUSHAN STEEL LIMITED

Bidder: TATA GROUP

9 Service Providers

6 Target | 3 Bidder

34 Dealmakers

27 Target | 7 Bidder

£ 7.20 B

Value

08 May 2020|India|Pharmaceuticals

Target: SEQUENT SCIENTIFIC LIMITED

Bidder: THE CARLYLE GROUP

10 Service Providers

4 Target | 6 Bidder

15 Dealmakers

4 Target | 11 Bidder

£ 170 M

Value

05 Jun 2020|India|Software

Target: HEXAWARE TECHNOLOGIES LTD

Bidder: BPEA EQT

5 Service Providers

2 Target | 3 Bidder

8 Dealmakers

5 Target | 3 Bidder

£ 333 M

Value

18 Jan 2021|India|Renewable Energy Equipment

Target: ADANI GREEN ENERGY LTD

Bidder: TOTALENERGIES

6 Service Providers

3 Bidder | 3 Vendor

29 Dealmakers

21 Bidder | 8 Vendor

£ 1.84 B

Value

16 Feb 2021|India|E-commerce

Target: SUPERMARKET GROCERY SUPPLIES PRIVATE LIMITED

Bidder: TATA DIGITAL LIMITED

9 Service Providers

4 Target | 3 Bidder | 2 Vendor

22 Dealmakers

6 Target | 11 Bidder | 5 Vendor

£ 920 M

Value

21 Jun 2021|India|Cosmetics

Target: VINI COSMETICS

Bidder: KKR & CO

11 Service Providers

3 Target | 7 Bidder | 1 Vendor

33 Dealmakers

4 Target | 27 Bidder | 2 Vendor

£ 452 M

Value

08 Oct 2021|India|Airlines

Target: AIR INDIA

Bidder: TATA GROUP

3 Service Providers

1 Target | 2 Bidder

18 Dealmakers

1 Target | 17 Bidder

£ 1.70 B

Value

23 Feb 2022|United States|Auto Parts

Target: TENNECO INC

Bidder: APOLLO GLOBAL MANAGEMENT INC

15 Service Providers

6 Target | 9 Bidder

70 Dealmakers

35 Target | 35 Bidder

£ 5.23 B

Value

30 Mar 2022|India|Banks

Target: CITIGROUP (CONSUMER BANKING BUSINESS IN INDIA)

Bidder: AXIS BANK

11 Service Providers

6 Bidder | 5 Vendor

85 Dealmakers

43 Bidder | 42 Vendor

£ 1.22 B

Value

04 Apr 2022|India|Banks

Target: HDFC BANK

Bidder: HOUSING DEVELOPMENT FINANCE CORPORATION (HDFC)

32 Service Providers

15 Target | 17 Bidder

23 Dealmakers

8 Target | 15 Bidder

£ 30.51 B

Value

27 Apr 2022|India|Entertainment

Target: VIACOM18

Bidder: BODHI TREE SYSTEMS

12 Service Providers

5 Target | 7 Bidder

32 Dealmakers

4 Target | 28 Bidder

£ 1.59 B

Value

06 May 2022|India|IT Services: Other

Target: MINDTREE

Bidder: LARSEN AND TOUBRO

13 Service Providers

7 Target | 6 Bidder

22 Dealmakers

14 Target | 8 Bidder

£ 14.33 B

Value

29 Jul 2022|India|Banks

Target: YES BANK LIMITED

Bidder: THE CARLYLE GROUP

13 Service Providers

4 Target | 9 Bidder

40 Dealmakers

9 Target | 36 Bidder

£ 905 M

Value

07 Nov 2022|United States|Pharmaceuticals

Target: FAMY LIFE SCIENCES

Bidder: VIATRIS

10 Service Providers

5 Target | 5 Bidder

58 Dealmakers

30 Target | 28 Bidder

£ 659 M

Value

13 Nov 2022|India|Alternative Electricity

Target: VECTOR GREEN

Bidder: SEMBCORP INDUSTRIES

4 Service Providers

1 Bidder | 3 Vendor

14 Dealmakers

2 Bidder | 12 Vendor

£ 291 M

Value

29 Nov 2022|India|Airlines

Target: VISTARA

Bidder: TATA GROUP

8 Service Providers

2 Target | 4 Bidder | 2 Vendor

11 Dealmakers

4 Target | 6 Bidder | 1 Vendor

n/a

Value

21 Dec 2022|India|Food Retailers and Wholesalers

Target: METRO CASH & CARRY INDIA PRIVATE LIMITED

Bidder: RELIANCE RETAIL VENTURES LIMITED

7 Service Providers

1 Target | 2 Bidder | 4 Vendor

18 Dealmakers

7 Target | 5 Bidder | 6 Vendor

£ 283 M

Value

21 Mar 2022|India|Pharmaceuticals

Target: TTK HEALTHCARE (HUMAN PHARMA DIVISION)

Bidder: ADVENT INTERNATIONAL CORPORATION

3 Service Providers

2 Bidder | 1 Vendor

6 Dealmakers

5 Bidder | 1 Vendor

£ 79 M

Value

26 Mar 2023|India|Specialty Chemicals

$Dalmia Bharat Refractories$

Target: DALMIA BHARAT REFRACTORIES LIMITED

Bidder: SARVAPRIYA HEALTHCARE SOLUTIONS

2 Service Providers

1 Target | 1 Bidder

4 Dealmakers

1 Target | 3 Bidder

£ 78 M

Value

14 Apr 2023|India|Entertainment

Target: VIACOM18

Bidder: BODHI TREE SYSTEMS

2 Service Providers

1 Target | 1 Bidder

6 Dealmakers

1 Target | 5 Bidder

£ 421 M

Value

03 Jul 2023|India|Banks

Target: IDFC FIRST BANK

Bidder: INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY (IDFC) LTD

7 Service Providers

6 Target | 1 Bidder

17 Dealmakers

9 Target | 8 Bidder

n/a

Value

26 Jul 2023|India|Asset Managers and Custodians

Target: JIO BLACKROCK

Bidder: BLACKROCK

3 Service Providers

3 Bidder

10 Dealmakers

10 Bidder

n/a

Value

12 Jan 2024|United States|Private Equity

Target: GLOBAL INFRASTRUCTURE PARTNERS

Bidder: BLACKROCK

15 Service Providers

6 Target | 9 Bidder

74 Dealmakers

35 Target | 39 Bidder

£ 9.80 B

Value

12 Oct 2023|India|Renewable Energy Equipment

Target: STERLITE POWER/ GIC JOINT VENTURE

Bidder: STERLITE POWER

11 Service Providers

11 Bidder

10 Dealmakers

10 Bidder

£ 815 M

Value

16 Apr 2024|India|Diversified Financials

Target: JIO FINANCIAL / BLACKROCK JV

Bidder: JIO FINANCIAL SERVICES

3 Service Providers

3 Bidder

8 Dealmakers

8 Bidder

n/a

Value

25 Jul 2024|India|Pharmaceuticals

Target: BHARAT SERUMS AND VACCINES LIMITED

Bidder: MANKIND PHARMA

7 Service Providers

2 Target | 3 Bidder | 2 Vendor

63 Dealmakers

1 Target | 12 Bidder | 51 Vendor

£ 1.24 B

Value

08 May 2024|India|Real Estate Holding and Development

Target: HARBORPEAK REAL ESTATE PRIVATE LIMITED

Bidder: DELTA CORPORATION LIMITED

2 Service Providers

2 Bidder

6 Dealmakers

6 Bidder

£ 151 M

Value