Preference Shares: Structure Savoir-Faire Across Various Use Cases
In my latest article, as published on Taxsutra, I work through three use cases where the multiple personalities of a single instrument […]
Read moreMonth: May 2026
LLP Mergers: The Case for Tax Neutrality
The LLP as a business vehicle has gained significant traction in the recent times in terms of Indian corporate organisation: flexible governance, […]
Read morePerpetual Debentures: Equity in Substance, Debt in Form, and the Hat It Wears Under Each Law
(This article was first published in Taxsutra) Background Perpetual debentures, in the Indian context, refer to debt instruments issued without a fixed […]
Read moreWhat Happens After the Founder?
Most Indian promoter families do not fail because of poor business decisions. They fail because the transition from one generation to the […]
Read morePerpetual Debentures: Equity in Substance, Debt in Form
Perpetual debentures occupy an interesting space in the structuring toolkit. By keeping the maturity, the coupon servicing, and the principal repayment discretionary […]
Read moreCapital Reduction as an Instrument Conversion Mechanism
Section 66 of the Companies Act has long been understood as a mechanism for writing off accumulated losses or returning surplus capital. […]
Read moreIndia’s increasing Outbound Investments
Quoted in this Moneycontrol piece on the March ODI numbers. The headline $7 billion needs to be read structurally. A significant portion […]
Read moreConvertibles 360°: A Deep Dive into Convertible Instruments
Spoke on 30 April 2026 in a TaxTonic webinar with Taxsutra, hosted by Sachin Sastakar, dissecting convertibles from a commercial use case […]
Read moreSun Pharma – Organon Acquisition
Quoted in Moneycontrol on Sun Pharma’s $11.75 billion acquisition of Organon, the largest outbound transaction by an Indian pharmaceutical company. What makes […]
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