Banking & Finance
Asia-Pacific Guide 2024 : India
Band 1
Contact number
+91 22 6613 6900About
Provided by TT&A
TT&A has a formidable presence on sophisticated financing work and are valued for our international experience. We are regularly entrusted with complex and time-pressured mandates by major international banks and are particularly active on high-value acquisition finance, margin finance, trade and structured finance and re-financings.
Examples include advising:
- Goldman Sachs and other investors on a priority financing for GVK’s airport development unit for repayment of existing debt.
- Deutsche Bank on a listed rated NCD for GMR Airports Limited for refinancing of existing debt.
Nayara Energy Limited on working capital facilities from a working capital consortium
led by SBI.
Chambers Review
TT&A is widely considered to be a formidable team of lawyers for sophisticated banking work in India, and is valued for its international experience. The law firm is regularly entrusted with important mandates in India by major international banks and non-banking financial companies such as Ares SSG, Deutsche Bank and Morgan Stanley, with particular activity on high-value acquisition finance, structured debt and refinancing for lenders. The firm also acts for domestic borrowers, including those in the energy sector, as well as handling real estate financing.
Work Highlights
- TT&A represented HSBC, MUFG and Standard Chartered Bank as the arrangers for Biocon Biologics' term loan facility of approximately USD1.2 billion to finance its acquisition of Viatris's biosimilar business.
Strengths
Provided by Chambers
"TT&A are very clued into the regulatory as well as the transactional. When there is a new subject that hasn't been looked at in the Indian market, they are on board with the regulators. This helps them put together fantastic advice."
"They are the go-to firm in the market for anything structured or complicated. Their experience in handling complex matters comes through, and their ability to break down the complexity and manage the transaction gives a lot of comfort to us."
"TT&A are very clued into the regulatory as well as the transactional. When there is a new subject that hasn't been looked at in the Indian market, they are on board with the regulators. This helps them put together fantastic advice."
"They are the go-to firm in the market for anything structured or complicated. Their experience in handling complex matters comes through, and their ability to break down the complexity and manage the transaction gives a lot of comfort to us."
Notable Practitioners
Sonali Mahapatra is a highly respected partner at TT&A in Mumbai. She is well known for advising on acquisition finance mandates and offers thorough expertise in cross-border financings.
"Sonali has a great depth of legal knowledge, and her attention to detail is legendary. That sets her apart from everyone. She's a go-to for complex, bespoke transactions."
"The undisputed star of structured finance in India, according to us."
Gautam Saha is a partner at TT&A in Delhi. He is adept at advising lenders on a range of matters including term loans and ECB work, as well as refinancing.
"Gautam provides excellent client service and is very responsive."
Rahul Gulati is a partner at TT&A and is based in its Mumbai office. He can call upon his extensive knowledge and experience of capital markets in his banking work. He is highly rated for his work on structured financings, and attracts particular praise for his knowledge of derivatives and banking regulation.
"Rahul is commercially savvy and in the know about recent trends in the commercial space. He is articulate and manages sophisticated clients very well."
Pallavi Meena is a partner at TT&A and is based in Delhi. She regularly advises clients on project financing, as well as ECB deals.
"I love working with Pallavi because she's so great at what she does. In addition to being knowledgeable and practical, she's responsive and very easy to work with."
Rituparno Bhattacharya is a partner at TT&A and is based in its Mumbai office. He handles a range of financing matters and also advises on debt refinancing mandates.
"Rituparno is there for you, no matter what. He will hand-hold you through difficult moments in negotiations. The brand that he has built is a testament to his client-handling skills, negotiation nous and commercial awareness."
Ranked Lawyers at
TT&A
India
Members
Provided by TT&A
Nidhi Rani
Rituparno Bhattacharya
Head of Department