Rohit Ambast

  • Partner
  • rohit.ambast@jsalaw.com
  • +91 998 736 7636
  • Gurugram

Rohit is part of the firm’s Corporate practice and has over 15 years of experience, advising on all aspects of M&A and private equity transactions and cross-border investments, with a focus on sectors such as insurance, financial services, and education.

 

Memberships

Bar Council of Maharashtra & Goa (2011)

 

Awards and Recognition

  • Next Generation Lawyer, Insurance, Legal 500 (2018)
  • Client recommendation, Corporate Law, RSG India (2017)

 

Publications

  • Corporate M&A Law and Practice in India (Global Practice Guide) | Chambers and Partners (April 2024)
  • ESG Reporting and its Framework in India | The Legal 500 (February 2022)
  • Key Considerations for Foreign Investors in the Indian Insurance Market | The Inhouse Lawyer, UK (Spring 2020)
  • Damages Outside of Contract: Lessons from Daiichi-Ranbaxy | BusinessWorld (April 2018)

 

Education

  • BA LLB (Hons): National Law Institute University, Bhopal (2009)
  • CFA Level 1: CFA Institute, USA (2015)

 

Languages

  • English
  • Hindi

Some of the key assignments in these areas handled* by Rohit amongst others, cover the following:

  • Advising Oil and Natural Gas Corporation Limited (ONGC) on the review and benchmarking of engineering, procurement and construction (EPC) contracts for offshore platforms and offshore drilling rig contracts against international standard forms, including advising on contractual risk allocation and key commercial provisions.
  • Advising Juniten on the adaptation of EPC and supply contracts (based on FIDIC standard forms) for its proposed electric vehicle manufacturing facility, including advising on variations, delay damages, defects liability, performance security, and contractual risk allocation.
  • Advising 360 ONE in connection with its lead investment in the pre-IPO primary equity issue of Aegis Vopak Terminals Limited, valued at approximately INR 8 billion.
  • Advising Inox Renewables on the sale of its wind power assets to Leap Green for an aggregate consideration of approximately INR 10.45 billion.
  • Advising Pelican Energy Partners on the Indian law aspects of its acquisition of the Welding Services division of Avail Infrastructure Solutions.
  • Advising the Department of Disinvestment, Government of India, in connection with various offers for sale undertaken by public sector enterprises.
  • Advising Takahata Group on the proposed sale of a majority stake in its Indian subsidiary and its strategic collaboration with the Shriram Group, involving an adjusted enterprise value of approximately INR 2.22 billion.
  • Advising Juniten on its proposed US$1.1 billion joint ventures with Hyundai Global Motors for the manufacture of electric vehicles, lithium-ion batteries, and energy storage systems across India, South Korea, and Oman.
  • Advising PhonePe on equity investments aggregating approximately US$650 million from Walmart, General Atlantic, Ribbit Capital, Tiger Global, and TVS Capital, as well as on the corporate restructuring and separation of the PhonePe business from Flipkart.
  • Advising Portkey and its founders in connection with the proposed US$150 million acquisition of Portkey by Palo Alto Networks.
  • Advising Eruditus (a SoftBank-backed company) on its joint ventures with the University of York, the University of Bristol, and the University of Liverpool for the establishment of their campuses in India.
  • Advising Ebix on the Indian law aspects of the US$400 million sale of its North American Life and Annuity assets to Zinnia Distributor Solutions.
  • Advising Advent International on its US$45 million acquisition of Enamour.
  • Advising Tokio Marine on its acquisition of an additional stake in its Indian general insurance joint venture with IFFCO, increasing its shareholding to 49%, in a transaction valued at approximately US$390 million.
  • Advising Coty Inc. on the Indian law aspects of the US$2.5 billion sale of a 60% stake in its Professional Beauty and Retail Hair divisions to KKR.
  • Advising Manipal Health Enterprises on its acquisition of Columbia Asia Hospitals for an aggregate consideration of approximately INR 18 billion.
  • Advising Asahi Mutual Life on the structuring and regulatory aspects of its proposed investments in Indian insurance companies and insurance intermediaries.
  • Advising Reliance General Insurance in connection with regulatory applications relating to further promoter equity investments.
  • Advising Dia Vikas Capital on multiple investments in small finance banks in India, including share transfers, capital reductions, and schemes of arrangement.
  • Advising Hyundai Capital on applications for an NBFC licence and inter-company funding arrangements.
  • Advising Prudential Corporation Asia in connection with the INR 60.6 billion initial public offering of ICICI Prudential.
  • Advising Aviva Plc on mergers and acquisitions, strategic investments, and insurance regulatory matters in India.
  • Advising TGI Fridays Inc. on its exit from its Indian joint venture.
  • Advising Toys ‘R’ Us on its licensing arrangement with the Lulu Group.
  • Advising Accelalpha Inc. on its 100% sale to Century Park Capital Partners.
  • Advising Tech-Pro Inc. on the US$9.9 million sale of its assets to Artech Information Systems.
  • Advising the former managers of GE India in connection with AION Capital’s US$350 million acquisition of GE Capital’s commercial lending and leasing business in India.
  • Advising Hain Celestial Inc. on its US$357 million acquisition of Tilda Rice.
  • Advising OCP Asia on its subscription to US$50 million convertible bonds issued by DQE Mauritius.
  • Advising Beckman Coulter on its acquisition of the clinical microbiology business of Siemens Inc.
  • Advising Texmaco Rail & Engineering Limited in connection with its qualified institutions placement (QIP) aggregating approximately INR 30 billion.
  • Advising Religare Health Trust on its US$417 million initial public offering in Singapore.
  • Advising Fortis Healthcare Limited on its issuance of US$55 million foreign currency convertible bonds and the preferential allotment of equity shares to IFC aggregating approximately INR 1.9 billion.
  • Advising Just Dial Limited on its initial public offering aggregating approximately INR 9.2 billion.
  • Advising an Indian non-banking financial company (NBFC) on local debt financing aggregating approximately INR 1.4 billion and the introduction of new consumer finance loan products.

* Includes matters advised on at previous firms.

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