Anshuman Jaiswal, partner at law firm Cyril Amarchand Mangaldas, is joining renewable energy company Greenko Energy Holdings as in-house counsel, said two people familiar with the development.
Jaiswal was heading the law firm’s Hyderabad office. He specialises in transactional and corporate advisory matters that include mergers and acquisitions, joint ventures, strategic investments, disputes and regulatory compliance.
Jaiswal could not be immediately contacted but Cyril Shroff, founder and managing partner of Cyril Amarchand Mangaldas, confirmed the development. “He is moving in-house due to personal reasons and he has full support from the firm,” Shroff said.
Jaiswal is one of several lawyers who have quit law firms in the recent past to take up the role of in-house counsel at private companies. Nandini Mehta left law firm J Sagar Associates to join SoftBank-backed Housing.com, Ipsita Dutta quit Cyril Amarchand Mangaldas to join financial services powerhouse Morgan Stanley and Himanshu Dodeja moved from Cyril Amarchand to private equity firm Blackstone as its India general counsel.
Jaiswal is an alumnus of Hyderabad’s National Academy of Legal Studies and Research University (NALSAR) of the 2003 batch. He joined Amarchand Mangaldas & Suresh A Shroff & Co the same year. After the firm split into two in 2015, he started working with Cyril Amarchand Mangaldas as partner.
Legal news website Bar & Bench first reported his departure from the law firm.
Greenko Energy counts Singapore sovereign wealth fund GIC and Abu Dhabi investment Authority (ADIA) as investors. The company had raised $230 million from the two investors in June.
In August, VCCircle reported that Greenko was set to acquire US renewable energy company SunEdison Inc.’s India portfolio.
A senior consultant at a Mumbai-based placement agency said on the condition of anonymity that many energy as well as finance companies are looking at firms like Cyril Amarchand and AZB & Partners to ramp up their legal teams. “Companies have realised that lawyers from large firms with on-the-job experience hit the ground from day one, which is crucial when companies are busy expanding or raising funds,” the consultant said.
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