Lalit Kumar

Lalit is a Corporate, M&A and Private Equity lawyer with over twenty years of experience. He has substantial transactional experience in advising both Indian and foreign entities in several complicated domestic and international corporate commercial transactions including private and public M&A, private equity (acted both as investor’s and company’s counsel), joint ventures, complex corporate restructuring including mergers, demergers, business sale, buyouts, foreign direct investment (FDI), offshore investment (ODI) and corporate and securities laws advisory.

• Advising Paramount Globalon its exit from Viacom18 by selling its remaining 13.01% stake to Reliance Industries Limited (RIL) for ₹4,286 crores. As part of the larger transaction of USD 8.5 billion, RIL and The Walt Disney Company will form a joint venture that will merge the media undertaking of Viacom18 with Star India through a court-approved scheme of arrangement.
• Represented Creation Investments Social Ventures Fund II LP (Creation), a Delaware-based alternative investment fund, for its transfer of entire shareholding of 22.3% in Sonata Finance Private Limited (Sonata Finance). Sonata Finance is a NBFC engaged in micro financing to economically weaker sections. The exit by Creation was part of the larger transaction of acquisition of 100% of Sonata Finance by Kotak Mahindra Bank Limited (Kotak) for ₹ 537 crores. With this acquisition, Sonata Finance has become a wholly owned subsidiary of Kotak. Sonata Finance.
• Represented InterGlobe Enterprises in its joint venture with Mr. C P Gurnani in the AI-enabled and tech space, the joint venture will offer solutions to the logistics, travel, transportation, and hospitability sectors.
• Acted for Tata Capital Health Care Fund II, (TCHF II) in its primary and secondary investment in a dialysis chain Apex Kidney Care. TCHF II is a growth-oriented private equity fund focused on the healthcare and life sciences sector in India. TCHF II is sponsored by Tata Capital Ltd.
• Acted for Paramount Globalin a strategic partnership between Reliance, Bodhi Tree Systems, to form one of the largest TV and digital streaming companies in India. The value of the deal was around USD 1.9 billion.

• LLB, University of Lucknow
• Bachelor of Commerce, University of Allahabad
• Company Secretaryship, ICSI, New Delhi
• Cost and Works Accountant (Inter), CWAI, New Delhi