Rajeev P. Duggal
Rajeev Duggal is a corporate lawyer who concentrates in mergers and acquisitions, corporate finance and financial institutions.


Mr. Duggal's transactional experience spans a broad range of industries, including airline, automotive, oil and gas, infrastructure, insurance, outsourcing, mining, pharmaceuticals, power, real estate, technology and telecommunications. Since moving to Asia in 1999, he has worked on transactions across the Asia Pacific, including in Australia, Bangladesh, China, Hong Kong, Indonesia, India, Korea, Japan, Malaysia, the Philippines, Singapore, Taiwan, Thailand and Vietnam. Mr. Duggal also has experience with sensitive internal investigations, including FCPA and whistleblower investigations, for corporations, boards and audit committees, including in Singapore, India and Indonesia.

Corporate Finance – Mr. Duggal has represented issuers and underwriters in numerous corporate finance transactions, including: Cemex Holdings Philippines Inc.’s Rule 144A US$535 million IPO on the Philippines Stock Exchange; P.T. Telekomunikasi Indonesia’s US$250 million sale of ordinary shares registered on the Indonesian Stock Exchange; XL Axiata’s US$500 million rights offering; PT Mitra Keluarga’s US$340 million IPO on the Indonesian Stock Exchange; Inox Wind Limited’s Rule 144A US$163 million IPO and dual listing on the Bombay Stock Exchange and the National Stock Exchange in India, which at the time was the largest Indian IPO since June 2013; MOL Global, Inc.’s US$169 million IPO of American depositary shares and listing on Nasdaq, the first U.S. listing ever by a Malaysian company; JSC Gazprom’s listing on the Singapore Stock Exchange effected by the introduction of up to 4 billion global depositary shares, representing up to 8 billion ordinary shares of JSC Gazprom, which was the first listing “by introduction” of depositary receipts on the Singapore Exchange and the first listing by a Russian company in Singapore; PT Bumi Serpong Damai’s US$225 million high-yield offering of 6.75% senior notes due 2020; PT Modernland Realty’s US$150 million Rule 144A/Regulation S high-yield offering of 11% guaranteed senior notes due 2016 and subsequent offer to exchange these notes for 9.75% guaranteed senior notes due 2019, consent solicitation to amend the terms of the 2016 notes to permit issuance of the 2019 notes, and concurrent offering of 2019 notes to raise new capital and subsequent tap to issue new notes in 2016; PT Austindo Nusantara Jaya’s Rule 144A IPO and listing on the Indonesian Stock Exchange; Jaiprakash Power Ventures Limited’s US$175 million offering of equity shares by way of a qualified institutional placement (QIP) with an offering under Rule 144A/Regulation S; PT Toba Bara Sejahtra’s Rule 144A Indonesian IPO; Indosat Palapa Company B.V.’s consent solicitation to amend the indenture relating to its US$650 million 7.375% guaranteed senior notes due 2020; 3i Infotech Ltd.’s exchange offer of existing U.S. dollar zero coupon foreign currency convertible bonds and euro zero coupon foreign currency convertible bonds for US$125 million 5% convertible bonds; PT Garuda Indonesia’s privatization and Rule 144A/Regulation S IPO; the US$130 million Rule 144A/Regulation S high-yield offering of 11.5% guaranteed senior notes due 2015 by Bakrie Telecom Pte. Ltd. (Indonesia); the US$232 million combined primary/secondary IPO and listing on the Indonesian Stock Exchange by PT Tower Bersama Infrastructure Tbk (Indonesia); Ascott REIT Limited’s US$400 million placement of shares to finance its US$1 billion serviced residence acquisition (as U.S. counsel to the financial advisor); the US$141 million IPO of Grameenphone Ltd. (Bangladesh); an “offer for sale” on the BSE and National Stock Exchange of India of approximately 29 million shares of India-based Jaiprakash Power Ventures Limited by its promoter, Jaypee Infra Ventures Limited; the US$82 million combined primary/secondary IPO of equity shares of DB Corp Ltd, a newspaper publisher in India; the US$500 million combined primary/secondary IPO of shares of Jaypee Infratech Limited (India); Lanco Infratech Limited’s (India) US$150 million private placement of equity shares; PT Delta Dunia Makmur Tbk’s US$142 million rights issue; the US$66 million private placement of equity shares by 3i Infotech Limited (India); the US$330 million IPO and privatization of PT Bank Mandiri (Persero), the largest bank in Indonesia; and the offering of US$100 million convertible notes and listing on the London Stock Exchange of Ashok Leyland, one of India’s leading manufacturers of commercial vehicles.

Mergers and Acquisitions – Mr. Duggal has worked on numerous significant M&A transactions, including: the proposed, unsolicited US$2.4 billion acquisition of Neptune Orient Lines by CMA CGM S.A.; the sale by Neptune Orient Lines of APL Logistics for US$1.2 billion to Japan’s Kintetsu World Express; Rizal Commercial Banking Corporation’s US$402 million strategic sale to Cathay Life Insurance; Citigroup Inc.’s US$3 billion sale of a stake in China Guangfa Bank to China Life Insurance and related call option exercise and sale of shares in China Guangfa Bank held by IBM; Citigroup, Inc.’s sale of Citibank Savings Inc. to BDO Unibank Inc., the Philippines’ largest lender; PT Indosat’s sale and leaseback of 2,500 towers to PT Tower Bersama Infrastructure Tbk for a total potential consideration of US$519 million; Sterlite Industries (India) Ltd.’s merger with Sesa Goa Ltd. as part of the group restructuring of its Indian affiliates by Vedanta Resources plc; Rizal Commercial Banking Corporation’s sale of a strategic stake to the International Finance Corporation; Forrester Research, Inc. in connection with its acquisition of Springboard Research with assets in China and India; ASAT Holdings Limited (Hong Kong) in its restructuring and US$45 million sale of ASAT Semiconductor Limited (China) to Global A&T Electronics Limited (Singapore); Fortress Investment Group LLC in the sale of Asian Pragati Capfin Private Ltd., a consumer finance business in India; Telekom Malaysia Berhad in its US$1 billion acquisition of a controlling interest in PT. Excelcomindo Pratama (Indonesia), a wireless operator; P.T. Telekomunikasi Indonesia, Indonesia’s leading telecommunications provider, in a series of transactions valued at US$1.5 billion between it and PT (Persero) Indonesian Satellite Corporation Tbk. Mr. Duggal also has represented Citigroup while he was in-house counsel on various high-profile matters, including: the US$11 billion sale of its life insurance and annuities business to MetLife, Inc.; its joint venture with Morgan Stanley’s Wealth Management Group; the US$512 million sale of Citigroup Global Services Limited to Tata Consultancy Services Limited (India); its joint venture with Pacific Alternative Asset Management Company, LLC and establishment of Global Hedge Strategies, LLC; and its acquisition of Insular Savings and Trust Company’s branch network in the Philippines.

From 2004 to 2009, Mr. Duggal held senior roles at Citigroup Inc. He was managing director and general counsel, Asia Pacific, for Citigroup’s retail banking businesses, including Citi Retail Banking, Citi Private Bank, Citi Credit Cards, CitiFinancial and Citi Smith Barney, based in Singapore, and assistant general counsel and deputy co-head of Citigroup’s M&A legal department based in New York, where he oversaw the team responsible for executing Citigroup’s global proprietary mergers and acquisitions transactions. He was selected for inclusion in Chambers Global: The World’s Leading Lawyers for Business (2011-2014) and Chambers Asia Pacific 2014.


Skadden, Arps, Slate, Meagher & Flom is licensed in Singapore as a registered foreign law firm to advise clients on certain aspects of their international transactions and operations. We are not authorized to practice Singapore law. All matters relating to advice as to Singapore law will be dealt with by a separate local Singapore law firm.



  • J.D., Georgetown University Law Center, 1995
  • B.A., University of Maryland, 1991 (cum laude)


  • District of Columbia
  • Maryland

Government Service

  • Law Clerk, Hon. Kenneth W. Starr, Office of the Independent Counsel (1994-1995)

Rajeev P. Duggal

Partner, Corporate Finance, Mergers and Acquisitions and Financial Institutions