Core Insights - Raine Group is experiencing a leadership transition in its India office, with three senior bankers, including the country head Gaurav Mehta, set to leave to establish a new investment banking firm [10] - The firm is actively restructuring its business in India to enhance cross-border transaction capabilities and sees significant opportunities in advisory and investment mandates in the region [3][10] - Raine Group manages over $3.1 billion in assets and provides advisory services including mergers and acquisitions, divestitures, and private capital raising [6][10] Company Developments - Gaurav Mehta, the head of Raine in India, along with managing directors Naveen Asopa and Girish Punjabi, are departing to form a new investment banking entity [10] - Jeff Sine, co-founder of Raine, is now leading the Mumbai office and is focused on building a team to advance a significant pipeline of deals [2][10] - The firm has notable deals in India, including an $8.5 billion joint venture between The Walt Disney Co. and Reliance Industries Ltd. [7][10] Industry Context - The Indian market for first-time share sales is experiencing a slow start in 2026, following two years of record fundraising [7][10] - M&A activity in India has seen a significant decline, with deal volumes dropping more than 60% compared to the same period last year [7][10]