{"id":346979,"date":"2025-05-02T13:30:58","date_gmt":"2025-05-02T08:00:58","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=346979"},"modified":"2025-05-02T13:25:32","modified_gmt":"2025-05-02T07:55:32","slug":"shardul-amarchand-ism-ifci-semiconductor-gujarat","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/05\/02\/shardul-amarchand-ism-ifci-semiconductor-gujarat\/","title":{"rendered":"SAM &amp; Co. Advises ISM and IFCI Ltd. on first ever Fiscal Support Agreement for Gujarat\u2019s Semiconductor Fabrication Facilities"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">Shardul Amarchand Mangaldas &amp; Co. advised India Semiconductor Mission (&#8220;ISM&#8221;) and IFCI Limited, in relation to negotiating and finalising the Fiscal Support Agreement with Tata Semiconductor Manufacturing Private Limited (&#8220;<span style=\"font-weight: bold;\">TSMPL<\/span>&#8221;), a wholly-owned subsidiary of Tata Electronics Private Limited (&#8220;<span style=\"font-weight: bold;\">TEPL<\/span>&#8221;) under the modified scheme for the establishment of semiconductor fabs in India.<\/p>\n<p style=\"margin-bottom: 3%;\">The fiscal support agreement was signed on 5 March 2025. The TSMPL transaction is valued at INR 91,000 crore, of which ISM will provide 50% of the eligible project cost as fiscal support, thereby, reflecting the Indian Government&#8217;s commitment to strengthening the domestic semiconductor ecosystem.<\/p>\n<p style=\"margin-bottom: 3%;\">ISM has executed a fiscal support agreement with TSMPL and TEPL for an amount of INR 33,978 crore for setting up of India&#8217;s first commercial semiconductor fab facility in Dholera, Gujarat. This is the first ever fiscal support agreement that has been entered into by the Government of India under the modified scheme to further its vision of positioning the country as a global hub for semiconductor manufacturing. SAM &amp; Co. played a pivotal role in structuring the agreement, safeguarding the interests of the government and ensuring compliance with law and the scheme-guidelines.<\/p>\n<p style=\"margin-bottom: 3%;\">The SAM &amp; Co. transaction team was led by Anurag Dwivedi, Partner; Shruti Paras, Principal Associate; and Amogh Mittal, Associate<\/p>\n<p style=\"margin-bottom: 3%;\">TSMPL and TEPL were advised by Trilegal on the legal aspects.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><i>Shardul Amarchand Mangaldas &#038; Co. advised India Semiconductor Mission (\u201cISM\u201d) and IFCI Limited<\/i><\/p>\n","protected":false},"author":67011,"featured_media":346990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[81623,43379,81621,81624,81620,81622,81625,46701],"class_list":["post-346979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-fiscal-support-agreement","tag-gujarat","tag-ifci-limited","tag-india-semiconductor-policy","tag-ism","tag-semiconductor-fabrication","tag-semiconductor-fabrication-agreement-gujarat","tag-shardul-amarchand-mangaldas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SAM &amp; Co. 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Co advises Renesas Electronics Corporation on their proposed 100% acquisition of Steradian Semiconductor Private Limited","author":"Bhumika Indulia","date":"September 17, 2022","format":false,"excerpt":"\u00a0 \u00a0 DEAL DETAILS Renesas Electronics Corporation | Proposed 100% acquisition of Steradian Semiconductor Private Limited NO HEADINGS DETAILS 1. \u00a0 Sector Semiconductors 2. \u00a0 Announcement Date 31-Aug-2022 3. \u00a0 Completion Date Ongoing 4. \u00a0 Name of Client Renesas Electronics Corporation 5. \u00a0 Acquirer Details Renesas Electronics Corporation | Japan\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co-advises-Renesas-Electronics-Corporation-on-their-proposed-100-acquisition-of-Steradian-Semiconductor-Private-Limited.-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co-advises-Renesas-Electronics-Corporation-on-their-proposed-100-acquisition-of-Steradian-Semiconductor-Private-Limited.-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co-advises-Renesas-Electronics-Corporation-on-their-proposed-100-acquisition-of-Steradian-Semiconductor-Private-Limited.-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co-advises-Renesas-Electronics-Corporation-on-their-proposed-100-acquisition-of-Steradian-Semiconductor-Private-Limited.-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co-advises-Renesas-Electronics-Corporation-on-their-proposed-100-acquisition-of-Steradian-Semiconductor-Private-Limited.-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":288213,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/03\/31\/shardul-amarchand-mangaldas-advises-indusind-bank-limited-in-granting-financial-assistance-to-duet-india-hotels\/","url_meta":{"origin":346979,"position":2},"title":"Shardul Amarchand Mangaldas advises IndusInd Bank Limited in granting financial assistance to Duet India Hotels","author":"Bhumika Indulia","date":"March 31, 2023","format":false,"excerpt":"29 March 2023 | New Delhi: Shardul Amarchand Mangaldas advised IndusInd Bank Limited (\u201cIndusInd\u201d) in granting financial assistance to Duet India Hotels (Pune) Private Limited, Duet India Hotels (Jaipur) Private Limited, Duet India Hotels (Ahmedabad) Private Limited, Duet India Hotels (Hyderabad) Private Limited, Duet India Hotels (Chennai) Private Limited and\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"Shardul Amarchand Mangaldas","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-951.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-951.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-951.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-951.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":292287,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/16\/shardul-amarchand-mangaldas-advises-macquarie-capital-in-its-acquisition-of-majority-stake-in-excel-telesonic-india-private-limited-cloudextel\/","url_meta":{"origin":346979,"position":3},"title":"Shardul Amarchand Mangaldas advises Macquarie Capital in its acquisition of majority stake in Excel Telesonic India Private Limited (CloudExtel)","author":"Bhumika Indulia","date":"May 16, 2023","format":false,"excerpt":"Shardul Amarchand Mangaldas & Co. advised Macquarie Capital, the corporate advisory, capital markets, and principal investment arm of Macquarie Group, in its acquisition of majority stake in Excel Telesonic India Private Limited (CloudExtel), a leading Network as a Service (NaaS) provider in India. Shardul Amarchand Mangaldas & Co. advised on\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"shardul amarchand mangaldas","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/shardul-amarchand-mangaldas.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/shardul-amarchand-mangaldas.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/shardul-amarchand-mangaldas.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/shardul-amarchand-mangaldas.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":374625,"url":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/04\/detailed-expert-views-union-budget-2026-scc-times\/","url_meta":{"origin":346979,"position":4},"title":"Union Budget 2026-27: Expert Views on Tax, Law, Infrastructure &#038; Industry Reforms","author":"Shubhi","date":"February 4, 2026","format":false,"excerpt":"Read the perspectives of experts from Shardul Amarchand Mangaldas and Lakshmikumaran & Sridharan Attorneys highlight how Budget 2026\u201427 strengthens sectoral momentum and introduces clearer, simpler tax rules.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Expert views on Union Budget","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/Expert-views-on-Union-Budget.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/Expert-views-on-Union-Budget.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/Expert-views-on-Union-Budget.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/Expert-views-on-Union-Budget.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":290510,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/04\/25\/shardul-amarchand-mangaldas-advises-birla-estates-private-limited-on-acquisition-of-land-and-building-in-south-mumbai\/","url_meta":{"origin":346979,"position":5},"title":"Shardul Amarchand Mangaldas advises Birla Estates Private Limited on acquisition of land and building in South Mumbai","author":"Bhumika Indulia","date":"April 25, 2023","format":false,"excerpt":"Shardul Amarchand Mangaldas & Co. advised Birla Estates Private Limited on its acquisition of land and building at Walkeshwar, Malabar Hill Division, Mumbai. The transaction is undertaken with the intention of developing a premium residential project. The SAM & Co. team assisted on all the legal aspects of the transaction,\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"birla estates private limited","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/birla-estates-private-limited.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/birla-estates-private-limited.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/birla-estates-private-limited.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/birla-estates-private-limited.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/346979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67011"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=346979"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/346979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/346990"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=346979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=346979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=346979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}