Swiggy, India’s leading food delivery and quick commerce, company ran into some turbulence in its attempt to make certain corporate governance changes and convert to an Indian owned and controlled company under Indian foreign exchange regulations. Indian domestic institutional investors blocked the resolutions.
Please go through our slide deck to understand the facts and learn about pitfalls that public companies should avoid when handling sensitive regulatory matters.
Download .pdf Introduction In mergers and acquisitions (“M&A”) transactions, timely performance is often critical. Signing, satisfying conditions precedent, obtaining regulatory approvals, paying the purchase price, and closing may all be tied to specific...
Download .pdf Background On July 30, 2026, the Insurance Regulatory and Development Authority of India (the “IRDAI”) notified the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) (Amendment) Regulations, 2026 (the “Amendment...
The Reserve Bank of India has recently released draft rules to replace the Foreign Exchange Management (Non-debt Instruments) Rules, 2019. Some important changes are being proposed as regards the fair value at which a foreign buyer can purchase Indian...
Download .pdf Background India is a key destination for cross-border investments, acquisitions and commercial transactions. In this regard, several foreign law firms partner or collaborate with Indian law firms and financial advisors or act independently to...
Download .pdf On May 2, 2026, the Indian government notified two (2) amendments to the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (the “NDI Rules”) to align the NDI Rules with the below listed changes introduced in India’s Foreign Direct Investment...
India’s Ministry of Electronics and Information Technology (“MeitY”) has recently proposed the establishment of the Online Gaming Authority of India (the “Authority”) under the Promotion and Regulation of Online Gaming Act, 2025, thereby seeking to create a dedicated...