并购：印度法律、监管和税收视角

ResearchMergers &AcquisitionsAn Indian Legal, Regulatory andTax PerspectiveJune 2025DMS Code: 130758.1 www.nishithdesai.com © Nishith Desai Associates 2025www.nishithdesai.comRanked as the ‘Most Innovative Indian Law Firm’ in the prestigious FT Innovative Lawyers Asia PacificAwards for multiple years. Also ranked amongst the ‘Most Innovative Asia Pacific Law Firm’ in theseeliteFinancial Times Innovation rankings. © Nishith Desai Associates 2025DisclaimerThisreportisacopyrightofNishithDesaiAssociates.Noreadershouldactonthebasisofanystatementcontainedherein without seeking professional advice. The authors and the firmexpressly disclaim all andanyliabilitytoanypersonwhohasreadthisreport,orotherwise,inrespectofanything,andofconsequencesof anything done, or omitted to bedone by any such person in reliance upon the contentsof this report.ContactFor any help or assistance please email us onconcierge@nishithdesai.comor visit us atwww.nishithdesai.com.AcknowledgementsCorporate TeamViral Mehtaviral.mehta@nishithdesai.comViral heads the Private Equity and M&A practice at India centric global law firm, Nishith Desai Associates. Hehas over 25 years of experience, specializing in private equity, mergers and acquisitions, foreign investment,takeovers, dispositions, privatizations and joint ventures.Viral has advised Governments, multinational companies, private equity funds, social impact funds, financialinstitutions, and non-banking financial companies. Viral has also assisted clients with litigation and arbitrationproceedings, shareholder disputes, and regulatory compliance matters. He has represented clients in investigationsand enforcement actions by the Securities and Exchange Board of India, the Reserve Bank of India, the CompetitionCommission of India, and the Insurance Regulatory and Development Authority of India.Viral has authored a book on private-placement transactions titled “Private Placement of Shares: Deal-making andthe Madisonian Dilemma” (OakBridge Publishing, 2022). He has also published articles in leading newspapers oncorporate and securities law. Provided upon request only © Nishith Desai Associates 2025Sach Chabriasach.chabria@nishithdesai.comSach is a Member of the M&A Practice of the research and strategy driven international law firm, Nishith DesaiAssociates. She offers counsel to a broad spectrum of clients including private equity funds, venture capital investors,sovereign wealth funds, and pension funds, guiding them through both domestic and cross-border transactionsspanning private equity, venture capital, joint ventures, and mergers and acquisitions. Her involvement in deals andfundraising initiatives across a wide array of sectors, ranging from technology and electric vehicles to renewables andinfrastructure, provides her with a diverse and commercial driven approach to deal making. She is also a part of theWarranty & Indemnity Insurance vertical at NDA and advises a plethora of insurers globally in terms of underwritinglarge India focused deals. An alumnus of the prestigious Jindal Global Law University, Sonipat, Sach is a memberof the Bar Council of Maharashtra & Goa.Gurkeerat Singhgurkeerat.singh@nishithdesai.comGurkeerat is a Member of the M&A and Private Equity practice at Nishith Desai Associates. He offers counsel to a broadspectrum of clients including private equity funds, venture capital investors, sovereign wealth funds, and pensionfunds, guiding them through both domestic and cross-border transactions spanning private equity, venture capital,joint ventures, and mergers and acquisitions. He also has experience in advising global clients on matters relatingto competition law, securities laws, insurance laws, among others. Gurkeerat is an alumnus of the prestigiousSymbiosis Law School, Pune. Provided upon request only © Nishith Desai Associates 2025Tax TeamMorvi Chaturvedimorvi.chaturvedi@nishithdesai.comMorvi Chaturvedi is a Leader in the international tax practice at Nishith Desai Associates, with experience in bothDirect and Indirect Tax matters. Over the course of her career, she has developed expertise in handling complex taxcases, spanning transactions, litigation, structuring, and advisory roles. She has worked on M&A tax, transactionalliability, and tax insurance underwriting for leading insurers, further broadening her proficiency in the tax landscape.Morvi is a member of the Bar Council of India and is also a qualified Chartered Accountant.Kamini Topranikamini.toprani@nishithdesai.comKamini is currently working as a Member of the International tax Practice at Nishith Desai Associates. Kamini assistsin handling complex tax cases involving direct and indirect tax with a specialization in international tax. Apartfrom tax, Kamini also has experience advising on and representing clients in varied commercial disputes inter aliainsurance, maritime and arbitration. Kamini a qualified Advocate with the Bar Council of Maharashtra and Goa, anAssociate Chartered Accountant an