Rajiv Gupta heads Latham’s India Practice and advises Indian companies and global clients doing business in India on a full range of corporate and finance transactions. He draws on more than two decades of experience advising on capital markets transactions.

Rajiv brings an unusual combination of skills to advise both issuers and underwriters on a full range of capital markets transactions, including:

  • US IPOs and SEC-registered transactions
  • Indian IPOs
  • High-yield bonds
  • Convertible securities

He has developed a preeminent India practice advising on hundreds of complex, high-profile, and precedent-setting capital markets transactions.

Rajiv also leverages Latham’s global platform to help clients navigate a full range of complex or cross-border corporate transactions, including:

  • Mergers and acquisitions
  • Private equity
  • Restructuring
  • Leveraged finance

Rajiv served as an appointed member of the Securities and Exchange Board of India (SEBI) Advisory Committee. A native Hindi speaker, Rajiv has been educated in India, the US, and the UK, and has practiced in New York, Hong Kong, and Singapore, so brings a global perspective to clients’ transactions.

He regularly speaks on capital markets and corporate transactions, at key industry conferences, including the Indian Banks’ Association’s conference.

Rajiv’s pro bono work includes advising on the innovative Women’s Livelihood Bond series, sponsored by the Impact Investment Exchange.

Rajiv’s experience includes advising:

Indian Initial Public Offerings and QIPs

Rajiv has advised issuers or underwriters on hundreds of IPOs in India, including:

  • Delhivery
  • Zomato
  • Paytm Labs Inc
  • Policybazaar
  • Oravel Stays Limited
  • API Holdings (Pharmeasy)
  • Tata Play
  • Tata Technologies
  • GoDigit
  • Kalyan Jewellers India Limited
  • SBI Cards and Payment Services Limited
  • IndiaMART InterMESH
  • Aster DM Healthcare
  • Apollo Hospitals Enterprise Limited


  • Tower Infrastructure Trust
  • Embassy Office Parks REIT
  • India Grid Trust
  • Blackstone Nexus REIT
  • Oriental InfraTrust

US Initial Public Offerings and Other SEC-registered Offerings

  • MakeMyTrip Limited
  • Vedanta Limited, formerly Sterlite Industries (India) Ltd.
  • Azure Power Global Limited
  • Coforge
  • ReNew Power de-SPAC
  • Dr. Reddy’s Laboratories
  • Limited
  • Infosys Technologies Limited

Other Equity Capital Markets Transactions

  • The underwriters in Reliance Industries Limited’s US$7 billion rights offering of equity shares on the NSE
  • The underwriters in Bharti Airtel Limited’s US$3 billion rights offering of equity shares on the NSE
  • The underwriters in The Indian Hotels Company Limited’s US$230 million rights offering of equity shares on the NSE and BSE

Debt Capital Markets Transactions

  • Adani Green Energy Limited in its maiden US$750 million senior notes offering through a three-year issuance at a fixed coupon of 4.375%
  • Adani Enterprises Limited on the US$500 million 4.0% senior secured notes due 2026 and US$500 million 4.25% senior secured notes due 2036
  • ReNew Power Private Limited and ReNew Wind Energy (AP2) Private Limited in its co-issue of US$585 million 4.5% senior secured notes due 2028
  • The underwriters in ICICI Bank Limited’s US$5 billion global medium term note program update
  • The initial purchaser on Azure Power Energy’s US$414 million 3.575% senior notes due 2026
  • The initial purchaser on Summit Digitel Infrastructure’s US$500 million 2.875% senior secured notes due 2031

Mergers & Acquisitions

  • The Adani Group on its US$10.5 billion acquisition of Holcim’s stake in Ambuja Cements and ACC; named Best of South Asia Deal Award by Finance Asia Awards 2022 and winner of the IBLJ’s 2022 Deals of the Year: M&A Deal of the Year
  • MakeMyTrip limited on its US$1.4 billion sale of stakes to Ctrip.com International
  • Vedanta Resources plc on its US$8.67 billion acquisition of a majority stake in Cairn India

Bar Qualification

  • New York


  • LLM, University of Michigan Law School, 1997
  • LLM, University of Cambridge, 1996

Languages Spoken

  • English
  • Hindi