Rukmini Roychowdhury
Partner | Mumbai
Practice Area
- Mergers and Acquisitions
- Private Equity and Venture Capital
- Financing
- Corporate and Commercial
Industry Sectors
- Information Technology
- Financial Services
Education
- National Law School, Bengaluru (1996)
Rukmini is a Partner in K Law’s Corporate practice group and heads the Mumbai office. She advises clients on mergers and acquisitions, private equity and venture capital investments, financing, and corporate and commercial practices. With over 18 years of experience, she regularly represents and advises leading corporations and reputed individuals in domestic and cross-border transactions such as M&A, private equity and venture capital, financing transactions such as debt restructuring, settlement, and special-situation funding, as well as daily affairs and commercial contracts in the technology, fintech, and financial services sectors. She has also acted as the External General Counsel for IDfy and represented some marquee clients, including Reliance Industries, Ingersoll Rand Inc., JSW, Thermax Limited, SBI Funds, Axis Bank, Tata Capital Ltd, etc.
- Advised Ingersoll-Rand Industrial US Inc on acquiring Everest Blowers Pvt Ltd and Everest Blower Systems Pvt Ltd
- Advised Reliance New Energy Solar Limited (a wholly owned subsidiary of Reliance Industries Ltd) on acquiring a 40% stake in Sterling & Wilson Solar Ltd
- Advised Jio Platforms Ltd on investment in Glance Digital Experience Pvt Ltd (a subsidiary of InMobi Group)
- Advised Renewables Solar Holding GmbH on its sale of RWE Solar India Pvt Ltd to Star Aeliana 1 Pte Ltd (part of the Sinar Utama Nusantra Group) of Solar Holding India GmbH and Solar Holding Poland GmbH
- Advised PayRange LLC in its acquisition of 100% of the shareholding of TurnsApp Inc
- Advised Ryan Specialty LLC on acquiring a 100% stake in Innovisk Capital Partners by Ryan Specialty Holdings Inc
- Advised Godrej & Boyce Mfg Co Ltd on acquiring a 100% shareholding in Armes Maini Storage Systems Pvt Ltd
- Advised Thermax Ltd on acquiring a 100% stake in Buildtech Products India Pvt Ltd
- Advised Ciklum India Pvt Ltd on the sale and transfer of Infogen Labs Pvt Ltd’s business undertakings as a going concern by way of a business transfer on a slump sale basis
- Advised Future Group on a joint venture with LT Foods for sourcing, manufacturing, marketing, sales, and distribution of regional rice
- Advised Future Group on acquiring the consumer products division of Grasim Industries Ltd
- Advising Rajas Eye Hospital on a proposed joint venture with a leading national eye care hospital
- Advised Reliance Retail Ventures Ltd on a proposed joint venture with a UK-based manufacturer
- Advised Brookfield Asset Management on a proposed acquisition of a specialty chemical manufacturer
- Advised JSW Infrastructure Ltd on acquiring the ports business of Chettinad Group (aggregate capacity of 21.88 MMTP) for approximately INR 10 billion
- Advised Inviga Healthcare Fund on the primary acquisition of Mynvax Pvt Ltd shares
- Advised Amicus India Capital Partners LLP on investment in Equirus Capital Pvt Ltd
- Advised Axiom Ayurveda Pvt Ltd on Emami Ltd acquiring a majority stake in their organisation, and advised its founders on a pre-series fundraiser of INR 80 million via 9Unicorns Accelerator Fund I and ZNL Growth Fund Scheme-1
- Advising GAIL (India) Ltd on a proposed investment in an entity designing and commissioning green hydrogen electrolysers
- Advised Ascendas Property Fund Trustee Pte Ltd on acquiring 100% of the outstanding share capital of land parcels (admeasuring approximately 6 acres) at Sai Village, Panvel Taluka, Raigad District, owned by Arshiya Ltd
- Advised Intellecap Advisory Services Pvt Ltd (advisory arm of Aavishkaar Group) on acquiring NR Management Consultants India Pvt Ltd
- Advised Cipla Ltd on its bid to acquire the formulations business of another Indian listed pharma company
- Advised the InCred Group on acquiring a Category III Alternative Investment Fund regulated by SEBI
- Advised JSW Ventures on a USD 1.8 million investment in aerial intelligence platform Aereo
- Advised JSW Ventures on a primary investment in Feed Forward Technologies Pvt Ltd
- Advised JSW Ventures on investment in Gamepark Pvt Ltd
- Advised JSW Ventures on becoming the lead investor in Cure and Care Wellness Pvt Ltd (operator of CureSkin) in the Series A round
- Advised JSW Ventures on selling its stake in Manash Lifestyle Pvt Ltd (Purplle) to the 2018 Trust, Platinum Jasmine (Abu Dhabi Investment Authority as sole beneficiary)
- Advised JSW Family Offices on investments made by Mrs. Sangita Jindal in High Street Essentials Pvt Ltd
- Advised Bekaert Industries Pvt Ltd (wholly owned subsidiary of N.V. Bekaert S.A., Belgium) on investment in and offtake from three captive power projects owned and operated by an SPV of Cleantech Solar Energy (India) Pvt Ltd (subsidiary of Cleantech Energy Corporation Pte Ltd) in Maharashtra
- Advised Axis Bank Ltd and a consortium of lenders on settling the approximately INR 20 billion debt of Kesoram Industries Ltd through a mix of cash, listed equity shares, and OCRPS funded through debt issued to Goldman Sachs, Edelweiss Alternative Asset Advisors Ltd, and Cerberus Capital Management
- Advised SBIFM Special Situations Fund-1 on subscribing secured, rated, listed non-convertible debentures of INR 300 million to be issued by an entity in the Archean Group
- Advised SBIFM Special Situations Fund-1 on subscribing to secured, rated, listed non-convertible debentures to be issued by Vimal Plast India Pvt Ltd
- Advised Piramal Structured Credit Opportunities Fund (a Category II Alternatives Investment Fund) and Caisse de dépôt et placement du Québec (CDPQ) on investment of INR 1.44 billion through non-convertible debentures in LEAP India Pvt Ltd
- Advised Tamil Nadu Infrastructure Fund on multiple advisory mandates, including the setting up of an INVIT
- Member of the Bar Council of West Bengal (2006)
- Speaker at The Legal Helpline Show by Lawyered & PTC 2021
- Speaker at The Legal 500 India M&A Webinar 2022
- Lecturer at Lawyers Up – Introduction to Mergers & Acquisitions 2023
- Co-authored a Mondaq article titled Private Placement of Debt Securities – An analysis in terms of the proposed SEBI (Issue and Listing of Non-Convertible Securities)
- Co-authored a Mondaq article titled Determined Regulatory Push for Foreign Direct Investments in India
- Co-authored a Mondaq article titled Pre-Packaged Insolvency Process of MSMEs
- Co-authored an IFLR article titled Structured Investments under the Indian Insolvency Framework
- Authored a chapter on Investment Incentives in the ALB India Investment Guide 2021
- Authored an article on The Impact of ESG on M&A Transactions in India for The Legal 500
- Authored an article on ESG Risks in India’s Renewable Energy Sector, published in The Legal Industry Reviews in March 2024
- Authored a piece for Mondaq titled Private Placement of Debt Securities – An analysis in terms of the proposed SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
- Authored a piece for Mondaq titled Determined Regulatory Push for Foreign Direct Investments in India
- Authored a piece for Mondaq titled Pre-Packaged Insolvency Process of MSMEs
- Co-authored an article on Structured Investments under the Indian Insolvency Framework for IFLR
- Authored a chapter on Investment Incentives in the ALB – India Investment Guide 2021