Mergers and Acquisitions Archives

Indian Budget 2026-27: Tax Incentives for Data Centres

Insights | April 7, 2026 | Practice Area: General Corporate, Mergers and Acquisitions, Tax

India’s Union Budget 2026-27 has introduced targeted tax incentives for the data centre industry, including a tax holiday until 2047 and a safe harbor regime with a 15% margin for domestic data centre service providers. These reforms are expected to significantly influence how foreign companies procure data centre services in India and how domestic data centre service providers structure their ownership and contractual arrangements. This note explores the impact of these tax reforms on existing data centre business models, contracting structures, and investment considerations for both domestic and foreign stakeholders.

M&A Transactions and Market Rumors

Insights | March 17, 2026 | Practice Area: General Corporate, Mergers and Acquisitions, Regulatory

The M&A market in India is characterized by frequent media leaks with such leaks carrying significant real-world consequences for the parties involved, ranging from disrupted negotiations to accelerated timelines and increased deal premiums.
Against this backdrop, this note examines a recent decision delivered by the Supreme Court of India in December 2025 upholding a penalty imposed by the Securities and Exchange Board of India on Reliance Industries Limited for failing to make timely disclosures following media reports of a possible investment by Facebook Inc. The authors assess the judicial interpretation of disclosure obligations under India’s insider trading framework. The authors further highlight the interplay between two key regulatory regimes governing market disclosures – the PIT Regulations and the LODR.

Liberalizing India’s External Commercial Borrowings Framework: Key Changes Under the 2026 Amendments

Insights | February 22, 2026 | Practice Area: Banking and Finance, General Corporate, Investment Funds, Mergers and Acquisitions, Private Equity, Regulatory

The Reserve Bank of India (“RBI”) has made significant changes to the external commercial borrowings (“ECB”) regulations through the issuance of the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026 (“Amended Regulations”) on February 16, 2026, which amend the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (“PrincipalRegulation”).
The Amended Regulations have made substantial changes to the eligible borrowers, recognized lenders, applicable end uses, minimum average maturity requirements and pricing norms as well as to other key issues. Collectively, these changes liberalize the entire ECB framework, making it more business– friendly for Indian entities and providing an opportunity to a wider pool of overseas creditors to approach Indian borrowers in a regulated manner. This note analyzes the key changes under the Amended Regulations.

Acquisition Finance by Banks in India

Insights | February 20, 2026 | Practice Area: Banking and Finance, General Corporate, Investment Funds, Mergers and Acquisitions, Private Equity, Regulatory

The Reserve Bank of India has introduced amendment directions to the Reserve Bank of India (Commercial Banks – Credit Facilities) Directions, 2025 and the Reserve Bank of India (Commercial Banks – Concentration Risk Management) Directions, 2025 (“Amendment Directions”), to permit banks to extend credit facilities for equity acquisitions in India. This note examines the regulatory framework under the Amendment Directions and explores the key parameters governing acquisition financing by Indian banks.

Investing in the IPL: The Legal Playbook for IPL Franchise Investments

Insights | February 5, 2026 | Practice Area: Mergers and Acquisitions, Private Equity

Since its launch in 2008, the Indian Premier League (“IPL”) has grown into one of the world’s most successful sporting competitions. In recent years, franchise valuations have soared, media rights deals have hit record highs, and brand partnerships have expanded across sectors, drawing global investors and sponsors. Reports suggest that owners of franchises such as Royal Challengers Bengaluru, Rajasthan Royals and Kolkata Knight Riders may seek to monetize their investments through full or partial stake sales. This note analyzes the key contracts that IPL franchises enter into, and highlights information useful to potential investors.

Namaste Korea : January 2026 Edition

Namaste Korea | February 4, 2026 | Practice Area: Data, Employment, General Corporate, Litigation and Arbitration, Mergers and Acquisitions

This annual roundup of the “Namaste Korea” newsletter provides an overview of key Indian legal and business developments in 2025 relevant to South Korean businesses and other organizations with India-related interests.
The newsletter includes recent legislative developments in India – including on data protection, labour and employment, insurance, and online gaming.
The newsletter also includes sector-specific updates, including in the aerospace and defence, tourism, healthcare, retail, gaming, media and entertainment, manufacturing, electronics, technology, and automotive sectors.

M&A Opportunities in the Indian Insurance Sector: Insurance Laws Amendment Act, 2025

Insights | January 29, 2026 | Practice Area: General Corporate, International Trade, Mergers and Acquisitions

To expand insurance coverage in the fast-growing Indian market, the Government has introduced several measures, including amendments to insurance laws and related foreign investment rules.
This note explores key changes introduced through such amendments, as well as the implications of such liberalized insurance regime on stakeholders, including the removal of foreign direct investment limits and other restrictive conditions, relaxations with respect to dividend repatriations, a framework for enabling mergers between insurance companies and non-insurance companies, and an expanded definition of “insurance business” to potentially include ancillary services.

Unlocking India’s Inland Water Transport Potential: Analysis of the National Waterways (Construction of Jetties/Terminals) Regulations, 2025

Insights | January 15, 2026 | Practice Area: Mergers and Acquisitions, Projects; Infrastructure and Energy

Inland water transport (“IWT”) in India holds immense potential as a cost-effective, environmentally friendly alternative for the movement of goods and passengers. With a vast network of approximately 14,500 km of navigable rivers, canals, and backwaters, India’s inland waterways offer a strategic advantage for long-haul transportation. However, IWTs currently constitute a fraction of the overall inter-modal transport mix. In order to create a conducive environment for development of inland water terminals in India, the Ministry of Ports, Shipping and Waterways has recently enactedthe National Waterways (Construction of Jetties/Terminals) Regulations, 2025.This note provides a detailed analysis of these regulations.

Charting a New Course: Legal Implications of Merchant Shipping Act, 2025 on Indian Maritime Governance

Insights | December 11, 2025 | Practice Area: Mergers and Acquisitions, Projects; Infrastructure and Energy

The enactment of the Merchant Shipping Act, 2025 (“MSA”) presents a landmark legislative milestone in India’s vision of becoming a global maritime hub. The MSA repeals the erstwhile Merchant Shipping Act, 1958 and introduces a regulatory environment that is aligned with the global maritime industry standards. The MSA is designed for enhancing regulatory efficiency, attracting foreign investment, and increasing Indian tonnage by liberalising key areas such as vessel ownership and registration. This note provides an analysis of the fundamental changes to the maritime sector introduced by the MSA.

Indian Ports Act, 2025: A Paradigm Shift in Port Regulation and Development

Insights | November 27, 2025 | Practice Area: Mergers and Acquisitions, Projects; Infrastructure and Energy

Foreign investment is a key contributor to India’s growth story and India continues to consistently experience growth in inflow of foreign direct investment (“FDI”). The Government of India has announced that the provisional figure of FDI inflow into India for the financial year ended March 31, 2023 was USD 71 billion and according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report, India remains a favored destination for global investors.
In this note we discuss certain key legal considerations for a foreign investor investing in India.