Infrastructure Investment Trusts (“InvITs“) and infrastructure is a core specialism of the firm. In 2019 alone, members of the team have advised some of the world’s largest sovereign wealth funds, pension funds, and leading global financial sponsors, on some of the largest and pioneering transactions in the space with overall deal values exceeding USD 5 billion. With an overwhelming majority of select international clients, we take immense pride in our ability to offer well rounded advice right from fund formation and setting up of investment platforms to making tax optimized downstream investments with an in-depth, on the ground knowledge of the written and sometimes unwritten Indian legal, tax and regulatory landscape.
We take pride in being thought leaders, unafraid of innovation and have been at the forefront of developing creative structures in the infrastructure space. Our Infrastructure and InvITs practice group has been instrumental in development of the InvIT regime in India. From being involved in the drafting of the SEBI (REIT) Regulations that formed the very basis of the InvIT Regulations to advising on the first unlisted InvIT in India, we have contributed significantly to policy advocacy measures to ensure that the InvIT regime remains conducive for global investors.
Our value proposition lies in our deep understanding of the cross-border transactional ecosystem and our consistent track record in analysing risk for international institutions as they seek to navigate the regulatory and taxation framework that underpins their investments in India. Whilst the mainstay of our practice is focused on representation of sponsors, our team has also been retained to act for LPs in special situations such as, where the LP is the cornerstone investor or where the LP is participating in a managed account arrangement or investing in a single-asset fund. In such circumstances, we find that clients value our holistic capabilities as transactional lawyers with infrastructure and InvITs-specialised knowledge, together with our expertise in fund formation.
We regularly write on Fund Formation, PE, PIPE and M&A, Structured Finance, Fund Litigation, Governance and Stewardship. Stay tuned.