Rajat Mukherjee is a Partner in the Corporate and M&A practice group in the NCR office. With over 23 years of experience, Rajat concentrates primarily on M&A, strategic partnerships and cross-border transactions. Rajat also has significant experience in providing strategic advice to clients on high value corporate disputes and corporate governance matters.
After completing his LLM from Columbia University, New York, Rajat worked in New York and Hong Kong for several years before joining the firm in 2010 to help build the Firm's M&A practice in New Delhi, which has been ranked as a Band 1 Corporate/M&A practice in India by Chambers & Partners.
Rajat has been consistently recognized as a Leading Individual for corporate M&A by Chambers and Partners for several years including in the 2025 Global as well as Asia Pacific rankings. He was also ranked as a notable practitioner in M&A by IFLR1000 in 2024. In previous years, Rajat featured in the “Super 50” Indian Lawyers list (2020) and in the “40 under 40” list (2017). Legal 500 has identified Rajat as a key lawyer in the firm’s corporate practice for several years including in 2025.
Rajat represents various domestic and international clients in a range of sectors including energy, media (print and digital), IT & ITES, pharmaceutical and healthcare, FMCG, auto components, logistics, education, and retail.
Mergers and Acquisitions
Corporate and Commercial
Education
Advised on its promoters, the Agarwal family on the sale of 9% stake of the Company to Jongsong Investments Pte. Ltd., an SPV owned and operated by Singapore's sovereign wealth fund, Temasek Holdings (Private) Limited; and the sale of 6% stake of the Company to Alpha Wave Ventures II LP and International Holdings Company P.J.S.C. making it the largest private equity deal in India's consumer sector
Advised on a number related transactions to acquire the Women’s Healthcare business, primarily related to oral and injectable contraceptives, from Viatris Inc
Advised on the India leg in its acquisition by ZF Friedrichshafen AG for an equity value of over USD 7 billion including equity value of Wabco India of approximately USD 1.7 billion. The indirect acquisition of Wabco India triggered an open offer in India under the takeover code.
Advised on the obligations pursuant to the open offer announced by Larsen &Toubro Limited for 31% of the share capital of Mindtree Limited for an aggregate deal value of up to USD 1.5 billion.
Advised on various matters including acquisition of Naidunia, a daily newspaper, and the recent acquisition of “Radio City” FM radio channel from India Value Fund.
Advised Edgeconnex, Inc. as co-counsel along with Allen & Overy in the joint venture with Adani Enterprises Limited for setting up, operating and managing data center business in India.
Advised on various matters over the last 10 years including the acquisition and subsequent sale of a higher educational institution which was the largest transaction in the regulated education space in India.
Advised in relation to acquisition of 23% stake in IFFCO Tokio General Insurance Company Limited (ITGI) from the existing shareholders, IFFCO and Indian Potash Limited, resulting in an increase in TM Asia’s equity stake in ITGI from 26% to 49% for USD 392 million.
Advised on the India leg of the sale of its fluid handling business to Circor International, Inc. for an estimated aggregate consideration of USD 860 million.
Advised on investment in the holding company of Jagran Prakashan Limited and subsequent exit.
Advised on the India leg of its global joint venture with Accenture for the Duck Creek business.
Advised Elanco Animal Health on the India leg of its USD 6.89 billion acquisition of the animal health business of Bayer AG.
- Listed as a Leading Individual in Chambers and Partners 2022 for Corporate and M&A.
- Listed as a Next Generation Partner and identified as a key lawyer in the firm’s corporate practice by Legal 500 for several years including in 2021 and 2022. A client quoted in Legal 500 says ‘Rajat Mukherjee is an excellent partner. He is proactive, clear, straightforward and pragmatic in his advice. He acts to support in building client relationships but has good depth of knowledge on M&A too’. Another client testimonial said ‘the corporate and M&A team around Rajat Mukherjee has not only formidable technical skills and strong commercial judgment but also the personal dedication to serve the client and find the best solutions for the transaction’.
- Another client testimonial in Legal 500 said ‘Rajat Mukherjee has an incisive mind and excellent communication skills – this combination helped the parties to overcome stalemate situations following his pragmatic and objective advice’.
- Featured in the Asian Legal Business “40 under 40” list in 2017.
- Featured in Top 50 Indian Lawyers 2020 under Asian Legal Business India Super 50 Lawyers in 2020.
- Ranked by IBLJ in their 2021 rankings as a practice leader in Education.
