India Business Law Journal Names Cravath Among Significant Players of 2025 for India-Related Work

On April 4, 2022, the Board of Directors of HDFC Bank Limited, the largest private sector bank in India, and Housing Development Finance Corporation Limited, India’s largest Housing Finance Company, at their respective meetings, approved a composite scheme of amalgamation for the amalgamation of: HDFC Investments Limited and HDFC Holdings Limited, with and into HDFC Limited; and HDFC Limited with and into HDFC Bank, and their respective shareholders and creditors, under Sections 230 to 232 of the Companies Act, 2013 and other applicable laws including the rules and regulations. The $40 billion merger is India’s largest‑ever M&A deal at the time of announcement. Cravath is representing HDFC Bank Limited as U.S. counsel in connection with the transaction.

On December 11, 2023, HMS Networks AB (“HMS”), a global provider of industrial information and communication technology, announced it has entered into a binding agreement with Spectris Group Holdings Limited to acquire the Red Lion Controls business, a U.S.-based provider of industrial automation solutions, through the acquisition of 100 percent of the shares in Red Lion Controls Inc. and Red Lion Europe GmbH as well as certain assets in other jurisdictions, for a cash consideration of $345 million. Cravath is representing HMS as special U.S. counsel in connection with the transaction.