Equinox Consultancy Group (ECG)

𝗪𝗲’𝗿𝗲 𝗘𝘅𝗰𝗶𝘁𝗲𝗱 𝘁𝗼 𝗦𝗵𝗮𝗿𝗲 𝗢𝘂𝗿 𝗙𝗶𝗿𝘀𝘁 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿! It is with immense pride that we unveil the very first newsletter from Equinox Consultancy Group (ECG). This newsletter is a testament to the excellence and commitment we uphold in delivering quality insights and solutions. What began as an idea in an National University of Singapore classroom has grown into a thriving 𝗺𝘂𝗹𝘁𝗶𝗱𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗮𝗿𝘆 𝗳𝗶𝗿𝗺, thanks to the unwavering efforts of our Partners, mentors, and associates who have been instrumental in this journey. In this edition, we provide a snapshot of 𝗸𝗲𝘆 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗮𝗻𝗱 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘂𝗽𝗱𝗮𝘁𝗲𝘀 𝗶𝗻 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 𝗮𝗻𝗱 𝗜𝗻𝗱𝗶𝗮, with a special focus on 𝗘𝗦𝗚 and 𝗜𝗣𝗢 developments. For more information or to receive your copy, please reach out to us at: team@equinoxconsultancygroup.com. A special thanks to Raghav Beriwala for his vision and dedication in bringing this initiative to life. We look forward to continuing this journey with all of you!

𝗘𝗾𝘂𝗶𝗻𝗼𝘅 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝗻𝗰𝘆 𝗚𝗿𝗼𝘂𝗽'𝘀 𝗜𝗻𝘀𝗶𝗴𝗵𝘁: 𝗣𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝗨𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆 𝗶𝗻 𝗙𝗿𝗮𝗻𝗰𝗲 – 𝗜𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮𝗻 𝗮𝗻𝗱 𝗦𝗘𝗔 𝗧𝗿𝗮𝗱𝗲 The recent 𝗰𝗼𝗹𝗹𝗮𝗽𝘀𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗙𝗿𝗲𝗻𝗰𝗵 𝗴𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 following a historic no-confidence vote against 𝗣𝗿𝗶𝗺𝗲 𝗠𝗶𝗻𝗶𝘀𝘁𝗲𝗿 𝗠𝗶𝗰𝗵𝗲𝗹 𝗕𝗮𝗿𝗻𝗶𝗲𝗿 signals political turbulence in the eurozone’s second-largest economy. With a hung parliament and an impasse over critical fiscal decisions, France's governance challenges could resonate far beyond its borders. For businesses and governments in India and Southeast Asia (SEA), this development poses key concerns: 𝗧𝗿𝗮𝗱𝗲 𝗮𝗻𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗨𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆: France is a pivotal partner in both bilateral trade and EU-ASEAN relations. Prolonged instability could hinder negotiations, slow ongoing trade agreements, and dissuade French firms from expanding investments in the SEA region and India. 𝗜𝗺𝗽𝗮𝗰𝘁 𝗼𝗻 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻𝘀: France’s strategic role in global supply chains, particularly in high-value sectors such as aerospace and luxury goods, could face disruptions. Indian and SEA exporters reliant on these industries might experience delays and fluctuating demand. 𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗮𝗻𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁𝘀: Investor concerns about France’s fiscal health have already led to a spike in its debt premiums and market volatility. Such instability can ripple through global markets, affecting currency valuations in the Indian Rupee and SEA currencies, further complicating cross-border trade and investment. 𝗛𝗮𝗺𝗽𝗲𝗿𝗲𝗱 𝗣𝗼𝗹𝗶𝗰𝘆 𝗖𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝗼𝗻: With Macron’s government in a caretaker capacity, collaboration on global challenges; such as climate change, technology transfer, and defense; could stall. For instance, SEA countries pursuing defense or infrastructure partnerships with France might face delays in approvals and funding. 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗔𝗵𝗲𝗮𝗱 - Diversify partnerships to reduce reliance on French firms and markets. - Closely monitor policy updates from France to anticipate trade and investment impacts. - Engage alternative European partners to ensure continuity in trade and strategic collaborations. - As global economies grow increasingly interconnected, political events like these reinforce the importance of resilience and adaptability in navigating complex international landscapes. Equinox Consultancy Group (ECG) stands ready to assist businesses in recalibrating strategies to address these evolving challenges. Source: The Wall Street Journal

𝗜𝗻𝗱𝗶𝗮’𝘀 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗕𝗮𝗹𝗮𝗻𝗰𝗶𝗻𝗴 𝗔𝗰𝘁: 𝗚𝗿𝗼𝘄𝘁𝗵 𝘃𝘀. 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 - 𝗘𝗖𝗚’𝘀 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 India’s GDP growth for the 𝗝𝘂𝗹𝘆-𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝗾𝘂𝗮𝗿𝘁𝗲𝗿 𝗵𝗮𝘀 𝘀𝗹𝗼𝘄𝗲𝗱 𝘁𝗼 𝟱.𝟰%, marking a seven-quarter low and raising concerns about the trajectory of economic recovery. This is significantly below the Reserve Bank of India’s (RBI) earlier projection of 𝟳%. At the same time, inflation surged to 6.21% in October, breaching the upper tolerance band of the government’s target. At Equinox Consultancy Group (ECG), we see this as a pivotal moment for India’s economy. The RBI now faces a delicate balancing act: 𝘀𝗵𝗼𝘂𝗹𝗱 𝗶𝘁 𝗽𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝘇𝗲 𝗰𝗼𝗻𝘁𝗿𝗼𝗹𝗹𝗶𝗻𝗴 𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗯𝘆 𝘁𝗶𝗴𝗵𝘁𝗲𝗻𝗶𝗻𝗴 𝗺𝗼𝗻𝗲𝘁𝗮𝗿𝘆 𝗽𝗼𝗹𝗶𝗰𝘆, or s𝘁𝗶𝗺𝘂𝗹𝗮𝘁𝗲 𝗴𝗿𝗼𝘄𝘁𝗵 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗮𝗰𝗰𝗼𝗺𝗺𝗼𝗱𝗮𝘁𝗶𝘃𝗲 𝗺𝗲𝗮𝘀𝘂𝗿𝗲𝘀? Both options come with risks, especially in light of global uncertainties and a depreciating rupee. From our perspective, a nuanced approach is essential. 𝗪𝗵𝗶𝗹𝗲 𝗰𝗼𝗻𝘁𝗿𝗼𝗹𝗹𝗶𝗻𝗴 𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗰𝗿𝘂𝗰𝗶𝗮𝗹 𝘁𝗼 𝗲𝗻𝘀𝘂𝗿𝗲 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝘀𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆, 𝗮 𝗴𝗿𝗼𝘄𝘁𝗵-𝗰𝗲𝗻𝘁𝗿𝗶𝗰 𝗽𝗼𝗹𝗶𝗰𝘆 𝗶𝘀 𝗲𝗾𝘂𝗮𝗹𝗹𝘆 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝘁𝗼 𝗺𝗮𝗶𝗻𝘁𝗮𝗶𝗻 𝗜𝗻𝗱𝗶𝗮’𝘀 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 𝗮𝘀 𝗮 𝗴𝗹𝗼𝗯𝗮𝗹 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗵𝗼𝘁𝘀𝗽𝗼𝘁. We believe targeted interventions such as sector-specific incentives and policies that boost domestic consumption and exports; and that can create a sustainable growth path without disproportionately impacting inflation. The government’s push for lower borrowing costs, advocated by leaders like Finance Minister Nirmala Sitharaman, aligns with the need to ease financial stress on businesses and households. However, structural reforms, coupled with fiscal discipline, will play an equally important role in ensuring robust economic health. 𝗔𝘁 𝗘𝗖𝗚, 𝘄𝗲 𝗮𝗿𝗲 𝗰𝗹𝗼𝘀𝗲𝗹𝘆 𝗺𝗼𝗻𝗶𝘁𝗼𝗿𝗶𝗻𝗴 𝘁𝗵𝗲𝘀𝗲 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀 𝗮𝗻𝗱 𝗮𝗱𝘃𝗶𝘀𝗶𝗻𝗴 𝗼𝘂𝗿 𝗰𝗹𝗶𝗲𝗻𝘁𝘀 𝘁𝗼 𝗻𝗮𝘃𝗶𝗴𝗮𝘁𝗲 𝘁𝗵𝗶𝘀 𝗲𝘃𝗼𝗹𝘃𝗶𝗻𝗴 𝗺𝗮𝗰𝗿𝗼𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗹𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰𝗮𝗹𝗹𝘆. What’s your take on India’s economic trajectory? Do you think a growth-first or inflation-control approach is the way forward? Let us know in the comments below. For more information contact us at: team@equinoxconsultancygroup.com Source: Bloomberg

𝗧𝗵𝗲 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗡𝗲𝗲𝗱 𝗳𝗼𝗿 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹𝗶𝘇𝗲𝗱 𝗔𝗱𝘃𝗶𝗰𝗲 𝗶𝗻 𝗮 𝗖𝗼𝗺𝗽𝗹𝗲𝘅 𝗪𝗼𝗿𝗹𝗱 In today’s rapidly evolving business environment, the demand for tailored, interdisciplinary advice has never been greater. Organizations across the ASEAN region, from 𝘁𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗳𝗮𝗺𝗶𝗹𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 to 𝗠𝗦𝗠𝗘𝘀 and 𝗱𝘆𝗻𝗮𝗺𝗶𝗰 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀, operate within vastly different frameworks. Each brings its unique challenges, working styles, and industry dynamics, making generic solutions inadequate. 𝗧𝗵𝗲 𝗜𝗻𝘁𝗲𝗿𝗽𝗹𝗮𝘆 𝗼𝗳 𝗟𝗮𝘄, 𝗙𝗶𝗻𝗮𝗻𝗰𝗲, 𝗮𝗻𝗱 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 At Equinox Consultancy Group (ECG), we are proud to lead the way in the Eastern Hemisphere as the first to integrate law, finance, and strategy; three fields that are inherently connected but often treated in silos. This holistic approach is increasingly essential as companies navigate today's multifaceted challenges. This interdisciplinary approach is critical in addressing the gaps faced by traditional advisory models. Consider the collapse of Indonesia’s Bakrie & Brothers Group, a family-run conglomerate. 𝗣𝗼𝗼𝗿 𝗴𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝘀, 𝗵𝗲𝗮𝘃𝘆 𝗿𝗲𝗹𝗶𝗮𝗻𝗰𝗲 𝗼𝗻 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗱𝗲𝗯𝘁, and 𝗶𝗻𝗮𝗱𝗲𝗾𝘂𝗮𝘁𝗲 𝘁𝗮𝘅 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴 led to its financial downfall. Centralized decision-making within the family and failure to adapt to cross-border operational complexities further exacerbated the crisis. This example underscores the importance of holistic solutions that align governance, compliance, and financial strategy. 𝗧𝗵𝗲 𝗡𝗲𝘄 𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 Traditional firms often fail to train professionals to work across disciplines. However, today’s challenges demand professionals who understand the overlaps and dependencies between law, finance, and strategy. Solving complex problems requires innovation, adaptability, and a forward-thinking mindset. At ECG, we are redefining consultancy to address these gaps. We believe the future lies in empowering businesses with bespoke, integrated solutions that address both their immediate needs and long-term goals. 𝗧𝗵𝗲 𝗣𝗮𝘁𝗵 𝗙𝗼𝗿𝘄𝗮𝗿𝗱 As companies navigate globalization, regulatory landscapes, and evolving market dynamics, the question isn't if they need tailored advice—it’s when. To know more, contact with us: team@equinoxconsultancygroup.com #EquinoxConsultancyGroup #InterdisciplinarySolutions #LawFinanceStrategy #ASEAN #BusinessInnovation

💼 𝗘𝗖𝗚'𝘀 𝗪𝗲𝗲𝗸𝗹𝘆 𝗜𝗻𝘀𝗶𝗴𝗵𝘁 – 𝗧𝗵𝗲 𝗔𝗱𝗮𝗻𝗶 𝗕𝗿𝗶𝗯𝗲𝗿𝘆 𝗖𝗮𝘀𝗲: 𝗔 𝗟𝗲𝘀𝘀𝗼𝗻 𝗶𝗻 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗮𝗻𝗱 𝗥𝗶𝘀𝗸 In this week’s Equinox Consultancy Group (ECG) Insights, we analyze the far-reaching implications of the Adani Bribery Case, a controversy shaking global markets and governance frameworks. The charges under the Foreign Corrupt Practices Act (FCPA), 1977, and subsequent repercussions reflect a pivotal moment for international business practices. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗘𝗖𝗚’𝘀 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀: 📌 Backdrop & Legal Context: Gautam Adani and executives are accused of a $250M bribery scheme to secure energy contracts, breaching U.S. FCPA laws. This has cast a shadow on India's corporate governance systems and impacted Adani’s market credibility. 📌 Economic Fallout: The scandal triggered bond downgrades and halted Adani's $600M fundraising. Key markets, such as Kenya, canceled a $736M power project and airport contracts over corruption concerns, showcasing the rising intolerance toward unethical practices globally. 📌 India’s Investment Climate: While India champions renewable energy independence, allegations like this risk tarnishing its reputation, emphasizing the need for stricter regulatory measures to reassure global investors. 📌 Opportunities Amidst Challenges: Competitors like Vedanta capitalized on the disruption, highlighting the resilience of firms with robust compliance structures. This presents an opportunity for businesses to differentiate through transparency. 𝗘𝗖𝗚’𝘀 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 At ECG, we believe this case underscores the growing demand for governance excellence in a connected global market. Companies must invest in ethical business practices, especially when operating across diverse regulatory landscapes. For our clients, this is a critical opportunity to strengthen compliance and strategic planning to protect and grow their market presence. 💡 As advisors in cross-border transactions, we stand ready to support your journey toward sustainable and ethical growth. Let's discuss how we can help you navigate these challenges and opportunities! #GovernanceMatters #GlobalCompliance #ECGInsights #StrategicGrowth #CrossBorderAdvisory

📢 𝗘𝗾𝘂𝗶𝗻𝗼𝘅 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝗻𝗰𝘆 𝗚𝗿𝗼𝘂𝗽'𝘀 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: 𝗔𝗱𝗮𝗻𝗶 𝗚𝗿𝗼𝘂𝗽'𝘀 𝗕𝗿𝗶𝗯𝗲𝗿𝘆 𝗦𝗰𝗮𝗻𝗱𝗮𝗹 The recent decision by Kenya to cancel proposed deals with the Adani Group, including a $𝟳𝟯𝟲 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗽𝗼𝘄𝗲𝗿 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 𝗮𝗻𝗱 𝗮 𝗺𝗮𝗷𝗼𝗿 𝗮𝗶𝗿𝗽𝗼𝗿𝘁 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁, marks a significant setback in the cross-border investment landscape. Coupled with allegations of opacity and bribery, and the 𝗨.𝗦. 𝘀𝗮𝗻𝗰𝘁𝗶𝗼𝗻𝘀 affecting Adani's $𝟰𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝗼𝗻𝗱 𝗶𝘀𝘀𝘂𝗮𝗻𝗰𝗲, this development has impacted the group's stock prices and credibility globally.  . 𝗘𝗖𝗚'𝘀 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀: 𝗗𝗶𝘀𝘁𝘂𝗿𝗯𝗮𝗻𝗰𝗲 𝗶𝗻 𝗖𝗿𝗼𝘀𝘀-𝗕𝗼𝗿𝗱𝗲𝗿 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀: Heightened scrutiny on governance and transparency could deter international investments, particularly in emerging markets where infrastructure needs are critical but face public and legal resistance. 𝗥𝗶𝗽𝗽𝗹𝗲 𝗘𝗳𝗳𝗲𝗰𝘁𝘀 𝗼𝗻 𝗜𝗻𝗱𝗶𝗮𝗻 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀: Adani's challenges may influence perceptions of Indian firms pursuing foreign projects, potentially leading to stricter due diligence requirements. 𝗙𝘂𝘁𝘂𝗿𝗲 𝗥𝗶𝘀𝗸𝘀: With growing skepticism around large private deals, multinationals might need to prioritize compliance with local regulations and community participation. 𝗪𝗮𝘆 𝗙𝗼𝗿𝘄𝗮𝗿𝗱 𝗳𝗼𝗿 𝗔𝗱𝗮𝗻𝗶 𝗮𝗻𝗱 𝗦𝗶𝗺𝗶𝗹𝗮𝗿 𝗘𝗻𝘁𝗶𝘁𝗶𝗲𝘀: Building trust through transparent public-private partnerships and adapting to evolving international regulatory norms is key. As advisors in cross-border transactions, Equinox emphasizes pre-emptive legal and financial due diligence to mitigate such risks. Source: Thomson Reuters #AdaniGroup #CrossBorderInvestments #EquinoxInsights

💼 𝗠&𝗔 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 – 𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝗦𝘆𝗻𝗲𝗿𝗴𝗶𝗲𝘀 𝗳𝗼𝗿 𝗚𝗿𝗼𝘄𝘁𝗵 In this week’s Equinox Consultancy Group (ECG) Insights, we spotlight a landmark M&A deal between Air India Limited and Vistara - TATA SIA Airlines Ltd. that’s making waves globally. This strategic move is a testament to the power of identifying and leveraging synergies to drive growth. Key takeaways from our analysis: 📌 Strategic synergies: The deal underscores the importance of aligning capabilities across R&D, technology integration, and market access to achieve operational excellence. 📌 Value creation: Successful mergers go beyond financial gains, focusing on shared innovation pipelines and stronger competitive positioning. 📌 Growth potential: With careful planning and execution, such deals can open new revenue streams and drive sustained growth. As experts in navigating the complexities of cross-border transactions, ECG helps clients maximize the potential of M&A deals; be it through thorough due diligence, regulatory alignment, or seamless integration planning. 💡 Let’s talk about how we can support your next big acquisition. #MergersAndAcquisitions #BusinessGrowth #EquinoxConsultancyGroup #WeeklyInsights #StrategicAdvisory

𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗶𝗻𝗴 𝗘𝗾𝘂𝗶𝗻𝗼𝘅 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝗻𝗰𝘆 𝗚𝗿𝗼𝘂𝗽'𝘀 𝗪𝗲𝗲𝗸𝗹𝘆 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 At Equinox Consultancy Group (ECG), we are thrilled to launch our very first Weekly Insights, designed to empower professionals across the globe with strategic interpretations of major global events that disrupt economies and influence trade and commerce. Our goal is to shed light on the macro-level shifts and their ripple effects on micro-level dynamics, offering a fresh perspective in today’s ever-evolving landscape. 𝗪𝗵𝗼 𝗪𝗲 𝗔𝗿𝗲 We are proud to be the first fully operational, NUS-alumni-backed, multi-disciplinary professional services firm in the Eastern Hemisphere. While the West has established giants like FTI Consulting, Boston Consulting Group (BCG) and Oliver Wyman, we aim to fill the emerging vacuum in the East with our unique approach. Our insights are crafted to help you understand the necessity of a multi-faceted approach to navigate the complexities of the modern business world. 𝗪𝗵𝘆 𝗡𝗼𝘄? In an era where AI is revolutionizing industries, ESG principles are reshaping operations, and capital flows are no longer restricted to traditional banks but facilitated by PE funds, family offices, sovereign funds, and innovative blockchain-backed platforms, the landscape is becoming more complex by the day. Regulators are continuously evolving to keep pace, making the business environment increasingly challenging to navigate. A simplistic, one-dimensional approach is no longer sufficient. At ECG, we believe that understanding these multifaceted challenges requires viewing them through multiple lenses; economic, legal, financial, and technological. 𝗪𝗵𝗮𝘁 𝗪𝗲 𝗦𝘁𝗮𝗻𝗱 𝗙𝗼𝗿 ECG is not just ahead of the curve; we are first movers and market disruptors. We are committed to pioneering innovative solutions that drive growth, resilience, and sustainability. Our Weekly Insights will be your guide to staying ahead in these turbulent times. 🤝 𝗟𝗲𝘁'𝘀 𝗖𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗲 If you are looking to thrive in this rapidly changing world, let’s come together to create a sustainable and prosperous future for all. Stay tuned for our first edition of Weekly Insights and join us in embracing the challenges and opportunities that lie ahead. 🚀

𝗗𝗲𝗹𝗵𝗶 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗤𝘂𝗮𝘀𝗵𝗲𝘀 ₹𝟮𝟭𝟴 𝗖𝗿𝗼𝗿𝗲 𝗦𝘁𝗮𝗺𝗽 𝗗𝘂𝘁𝘆 𝗗𝗲𝗺𝗮𝗻𝗱 𝗼𝗻 𝗔𝗺𝗯𝘂𝗷𝗮 𝗖𝗲𝗺𝗲𝗻𝘁📢 In a significant decision, the Delhi High Court recently overturned a substantial ₹𝟮𝟭𝟴 𝗰𝗿𝗼𝗿𝗲 𝘀𝘁𝗮𝗺𝗽 𝗱𝘂𝘁𝘆 claim on Ambuja Cements Limited, providing a precedent with far-reaching implications for corporate restructurings. The Court’s ruling reaffirmed the scope of a 𝟭𝟵𝟯𝟳 𝗻𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻, 𝘄𝗵𝗶𝗰𝗵 𝗲𝘅𝗲𝗺𝗽𝘁𝘀 𝗰𝗲𝗿𝘁𝗮𝗶𝗻 𝗶𝗻𝘁𝗿𝗮-𝗴𝗿𝗼𝘂𝗽 𝗺𝗲𝗿𝗴𝗲𝗿𝘀 𝗳𝗿𝗼𝗺 𝘀𝘁𝗮𝗺𝗽 𝗱𝘂𝘁𝘆 𝘄𝗵𝗲𝗻 𝗶𝗻𝘃𝗼𝗹𝘃𝗶𝗻𝗴 𝘄𝗵𝗼𝗹𝗹𝘆-𝗼𝘄𝗻𝗲𝗱 𝘀𝘂𝗯𝘀𝗶𝗱𝗶𝗮𝗿𝗶𝗲𝘀 𝘂𝗻𝗱𝗲𝗿 𝗮 𝗰𝗼𝗺𝗺𝗼𝗻 𝗽𝗮𝗿𝗲𝗻𝘁 𝗲𝗻𝘁𝗶𝘁𝘆. This interpretation upholds long-standing statutory protections for intra-group transfers, ensuring that companies are not subject to excessive duties on internal reorganizations that do not alter overall ownership. The Court also emphasized the application of 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟰𝟳𝗔(𝟯) 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗔𝗰𝘁, 𝟭𝟵𝟬𝟴, establishing a two-year limitation period for government authorities to assess potential underpayment of stamp duty on transactions. This protects corporations against prolonged regulatory uncertainty, enabling a more streamlined and predictable framework for business transactions. At Equinox Consultancy Group (ECG), we recognize the implications of this decision for our clients engaged in M&A and restructuring. This ruling enhances the predictability of stamp duty obligations for intragroup mergers, supporting our commitment to guiding clients through high-stakes transactions with optimal compliance and cost-efficiency strategies. To know more, please contact us at: team@equinoxconsultancygroup.com #EquinoxConsultancy #CorporateLaw #MergersAndAcquisitions #LegalUpdate #StampDuty #DelhiHighCourt

At Equinox Consultancy Group (ECG), we prioritize continuous learning and skill development across our team. Recently, one of our partners, Mr. Maitrey Bhaskar had the opportunity to attend an impactful virtual seminar with Chicago Global, an event that highlighted emerging trends in global investments and portfolio management. In today’s rapidly evolving financial landscape, especially with the advancements in Artificial Intelligence and Machine Learning, staying ahead of the curve is essential. By encouraging our team to engage with thought leaders and participate in global forums, we ensure that ECG remains at the forefront of innovation, ready to adapt and deliver cutting-edge solutions to our clients. Thank you to Chicago Global and the esteemed speakers for facilitating such a valuable learning experience. At ECG, we believe that growth never stops, and we’re committed to leading with insights that drive global finance forward.