Varun Vaish

Overview

Varun is a corporate transactions partner with over a decade of experience advising Indian and international corporations, strategic investors, private capital providers, lenders, developers and promoters on complex domestic and cross-border matters.

His practice focuses on mergers and acquisitions, private equity and venture capital investments, business and asset transfers and group reorganisations, and the acquisition, development and leasing of real estate, including land for large-scale renewable energy projects. He also advises on senior management employment arrangements, technology contracts and data protection, and general corporate and regulatory compliance. Varun leads mandates through the full transaction lifecycle, from structuring, due diligence and regulatory strategy through documentation, negotiation, closing and post-closing implementation.

His recent work includes the sale of a controlling stake in a leading Indian mobile phone components manufacturer, the INR 450 crore acquisition of a hospital in Gurugram, group-level reorganisations involving share, asset and business transfers, and title due diligence and leasing mandates for solar and wind projects across Rajasthan, Madhya Pradesh and Haryana. He has acted across the electronics and manufacturing, healthcare, real estate, hospitality, renewable energy, retail, advertising, automotive, agri-business, outsourcing and IT/ITeS sectors.

He is regularly engaged on transactions that require coordination across corporate, financing, real estate, foreign exchange, labour and insolvency regimes. Clients value his practical, solution-oriented approach to complex regulatory issues, his focus on efficient execution and his ability to align legal strategy with commercial objectives.

Experience Statement

Mergers & Acquisitions, Private Equity and Joint Ventures

• Represented Kunshan Q Tech Microelectronics (India) Private Limited and its selling shareholders on the primary issuance and secondary sale of an aggregate 51% stake to Dixon Technologies (India) Limited for a consideration of INR 552 crore.
• Advised Apollo Hospitals Enterprise Limited on its INR 450 crore acquisition of a hospital asset in Gurugram, Haryana, and on the proposed acquisition of the Jaypee Group’s 1,200-bed Noida hospital project, spread over approximately 18 acres and valued at over USD 85 million.
• Advised Oppo Mobiles India Private Limited on the foreign exchange and FDI aspects of an approximately USD 294 million intra-group restructuring involving the transfer of its entire shareholding between non-resident group entities, including preparing and filing the Government approval application under Press Note 3, advising on the then newly introduced restrictions on investment from countries sharing a land border with India, and representing the company before the relevant authorities.

Real Estate and Renewable Energy

• Advised Kotak Alternate Asset Managers Limited on prospective financing of up to INR 600 crore to a prominent Indian real estate developer, including comprehensive title due diligence over 55 acres of mixed-use land in Sector 79, Faridabad, Haryana.
• Advising the Government of the United States of America on the sale of its 999-year leasehold interest in a property forming part of its Indian real estate portfolio to a leading Indian pharmaceutical company for approximately USD 81 million (INR 765 crore).
• Advising one of Asia-Pacific’s largest independent power producers on solar and wind power projects across approximately 800 acres and 300 acres respectively in Agar Malwa district, Madhya Pradesh, including comprehensive title due diligence and assistance in securing INR 1,000 crore of project financing from a leading Indian financial institution.

Financing, Restructuring and Insolvency

• Advised IFFCO on the review and amendment of financing documentation arising from the restructuring of USD 850 million of credit facilities availed by its foreign subsidiary, Jordan India Fertilizer Company.
• Advised a leading real estate company on the resolution, and eventual acquisition under the pre-packaged insolvency resolution regime, of a landowning company holding approximately 110 acres of land valued at over USD 140 million.
• Advised M3M India Private Limited on an INR 900 crore debt infusion by Oaktree Capital through the subscription of non-convertible debentures.

Corporate, Regulatory, Technology and Employment Advisory

• Advised Samsung SDI Co., Ltd., Korea on Significant Beneficial Ownership compliance under Section 90 of the Companies Act, 2013 in respect of its Indian subsidiary, including analysis of the group structure, qualification thresholds, disclosure obligations and penalty exposure.
• Advised Nissan Motor India Private Limited on compliance with the Corporate Average Fuel Efficiency (CAFE) norms and on its representations to the Ministry of Road Transport and Highways.
• Advised KPMG on data retention and deletion compliance under the Digital Personal Data Protection Act, 2023, the SPDI Rules and applicable employment and statutory record-keeping laws, including a detailed data retention schedule covering employee and engagement data, processor obligations, lawful bases for retention, deletion requests, legal-hold exceptions and archival systems.

A detailed experience statement is available upon request.