Natashaa Shroff
Natashaa Shroff is a Partner in the M&A and Private Equity practice group of the Firm.
She regularly advises large Indian and international corporate groups, private equity funds, and public and private companies on a wide range of intricate domestic and cross border mergers, acquisitions, and investments.
Natashaa has nearly two decades of experience and has advised on some of the largest transactions in India in recent times. She regularly advises clients such as Sanofi Group, Biocon Group, Temasek, KKR, CPPIB, PIF, ADIA and General Atlantic Partner. Natashaa specialises in investments in e-commerce, retail and food & agri sectors in India and has acted on several deals in each of these sectors over the years.
Natashaa is also a member of the Firm’s Management Board, Audit Committee and Salaried Partner Selection Committee, and has undertaken several projects for the Firm.
Natashaa was featured on IBLJ’s A-List of India Lawyers in 2024-2026. She was recognised as one of the Young Leaders in the Legal Sphere by the BW Legal World Most Influential Women in Law 2024 and as a Notable Practitioner for Corporate/M&A by IFLR1000 in 2020 & 2022-25.
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- Biocon Limited on its acquisition of Biocon Biologics Limited through share swap from Tata Capital, Serum Institute, Viatris and True North for USD 1.2 billion.
- Selling shareholders of Bluetile and BestPlay on the USD 100.3 million (~INR 918 crores) acquisition by Nazara Technologies UK Limited of a 50% controlling stake in Bluetile Games S.L. and BestPlay Systems S.L.
- Walmart on its acquisition of a 77% stake in Flipkart Private Limited for USD 16 billion. This is the biggest exit in the Indian Private Equity space and remains largest ecommerce acquisition globally until date.
- Oil & Natural Gas Corporation Limited on the acquisition of the President of India’s 51.11% stake in Hindustan Petroleum Corporation Limited for USD 6 billion.
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- IndiaIdeas.com Limited on its acquisition of 100% of the equity share capital of Worldline e-Payments India Private Limited and Worldline India Private Limited.
- IndiaIdeas.com Limited on its acquisition of 100% of the equity share capital of IndiaIdeas.com Limited by PayU Payments Private Limited.
- Public Investment Fund on its acquisition of 375,000,000 units of the Digital Fibre Infrastructure Trust, an InvIT sponsored by Reliance Industrial Investments and Holdings Limited for USD 510 million.
- KKR & ADIA on acquisition of additional stake in Reliance Retail Ventures Limited.
- Selling shareholders of Prasuma and Meatigo in relation to 100% sale to ITC Limited.
- Flipkart Internet Private Limited on its additional investment in Shadowfax Technologies Private Limited.
- Canada Pension Plan Investment Board in relation to acquisition of a minority stake in National Stock Exchange of India Limited.
- GA (General Atlantic Singapore PPIL Pte. Ltd.) on its acquisition of stakes in PhonePe Private Limited.
- The following investors on their investment in Reliance Retail:
- Public Investment Fund, Saudi Arabia on its USD 1.24 billion investment.
- Silver Lake Management on its USD 1.25 billion investment.
- KKR on its USD 740 million investment.
- Abu Dhabi Investment Authority on its USD 735 million investment.
- GIC on its USD 735 million investment.
- General Atlantic on its USD 490 million investment.
- TPG Asia on its USD 250 million investment.
- The following investors on their investment in Jio Platforms Limited:
- Facebook on its USD 5.7 billion investment. This is the biggest FDI in India till date in the technology sector.
- Kohlberg Kravis Roberts on its USD 1.5 billion.
- Vista Equity Partners on its USD 1.54 billion.
- Public Investment Fund on its USD 1.5 billion.
- Sliver Lake Capital Partners on its USD 1.4 billion.
- General Atlantic on its USD 878 million.
- Abu Dhabi Investment Authority on its USD 756 million.
- TPG Capital on its USD 600 million.
- Intel Capital on its USD 254 million.
- L Catterton Management Limited on its USD 250 million.
- Kohlberg Kravis & Roberts and Canada Pension Plan Investment Board investment of 10.31% stake in Bharti Infratel Limited from Bharti Airtel Limited for USD 951.6 million.
- General Atlantic in the sale of its entire shareholding of 34.45% in CitiusTech Healthcare Technology Private Limited (CitiusTech) to Barolo Holdings B.V. for USD 800 million. This was GA’s one of the biggest and first healthcare tech investment in India.
- SoftBank in relation to USD 280 million investment in Lenskart.
- Canada Pension Plan Investment Board on its investment in Delhivery for USD 150 million.
- Flipkart in relation to USD 60 million investment in Shadowfax Technologies Private Limited.
- Royal DSM N.V. on its acquisition of engineering plastics business of SRF for USD 46 million.
- Temasek Holdings on:
- secondary acquisition of shares from Tiger Holdings in ANI Technologies Private Limited for USD 100 million.
- acquisition of a minority shareholding in ANI Technologies Private Limited from its shareholders for USD 122 million.
- acquisition of 4.5% shares on a fully diluted bases through MacRitchie Investments Pte. Ltd. in ANI Technologies Private Limited for USD 157 million.
- General Atlantic on its investment in Krishna Institute of Medical Sciences Limited for USD 137 million.
- Amazon.com, Inc. on its investment in a non-banking financial company, CapFloat Financial Services Private Limited, which operates the digital lending platform, for USD 22 million.
- Paytm on its 100% acquisition of the shares of Orbgen Technologies Private Limited, a company engaged in the business of selling online movie tickets with market presence in Tamil Nadu, Andhra Pradesh, Kerala and Karnataka and on its investment in Rooter Sports Technologies Private Limited.
- Rabo Equity Advisors Private Limited on its investment in Parijat Industries (India) Private Limited for USD 14 million and in Global Gourmet Private Limited for USD 10 million.
- DuPont on various restructuring activities arising from global merger of Dow DuPont.
- Swiggy (Bundl) on Series I fund raise round from various existing investors.
- TVTN in:
- acquisition of shares of Mail Today Newspapers Private Limited from AN Mauritius (Daily Mail UK) by way of gift.
- scheme of arrangement between India Today Online Private Limited, Mail Today Newspapers Private Limited and TVTN.
- sale of radio business to ENIL.
- IDFC Limited on its demerger for the formation of IDFC Bank Limited.
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A detailed experience statement can be shared on a confidential basis.
Professional Memberships
- Bar Council of Delhi
Education
- University College London LL.B, College of Law LPC