Shreya Lal Damodaran’s practice focuses on mergers and acquisitions, private equity and restructuring transactions.

She has represented corporations, shareholders and private equity funds on a broad range of international M&A and joint venture transactions. She has extensive experience in cross-border international transactions and has been involved in a number of transactions in emerging markets. Shreya has extensive knowledge of the Indian market and is a specialist on corporate transactions involving India.

Shreya is recognized as a leading lawyer by Chambers Global and Chambers Asia for her India Corporate/M&A work, and by The Legal 500 UK for her Emerging Markets work, in particular as standing out for India deals.

Shreya joined the firm in March 2006. Prior to joining Cleary Gottlieb, she was a senior associate at Amarchand & Mangaldas, a leading corporate law firm in India.

Notable Experience

  • Highstar Capital in its acquisition of a 25 percent stake in London City Airport from Global Infrastructure Partners and the subsequent disposal of such stake in 2016.

  • Warburg Pincus and General Atlantic in Santander Asset Management’s investment in Allfunds Bank S.A.

  • Luxfer Holdings plc in a complex restructuring with bondholders and shareholders.

  • The super senior revolving credit facility lenders in the TI Automotive restructuring and scheme of arrangement in the UK courts.

  • Sberbank Capital in a restructuring whereby Sberbank Capital acquired Urals Energy’s 35 percent stake in an East Siberian oil and gas producer.

  • Bank of America Corporation in the divestment of its non-U.S. wealth management business (including the Indian wealth management business of DSP Merrill Lynch) to the Julius Bär Group.

  • Reliance Communications Limited in its bid for a controlling interest in Hutchison Essar Limited.

  • B4U Television Network in connection with the proposed acquisition by Eros International, a Bollywood films producer and distributor.

  • Reliance Communications Limited in its proposed combination with MTN, South Africa.

  • First Reserve Corporation in its investment in Kenersys, an integrated wind energy company of the Kalyani Group.

  • Fortress Investment Group in its acquisition of a minority stake in Reliance Telecom Infrastructure Limited from Reliance Communications Limited.

  • Grupo KUO in the formation of a joint venture with Divgi Metalwares Private Limited.

  • The selling shareholders, Newbridge Capital, Maxwell (Mauritius) Pte. Limited and N. Prasad, in the sale of a controlling interest in Matrix Laboratories to Mylan Laboratories.

See More


“Dust has settled on India’s put/call option enforceability debate,” International Financial Law Review (January 2014).

“Establishing a Business in India Via Joint Ventures,” Bloomberg Law Reports – Asia Pacific Law, Vol. 3, No. 3 (2010) (co-authored with Tihir Sarkar).