Capital Markets
Asia-Pacific Guide 2025 : India
Band 3
About
Provided by TT&A
TT&A boasts extensive expertise in advising both international and domestic clients across a diverse spectrum of debt capital markets and convertible bond transactions. As the premier law firm in India specializing in debt capital markets, their focus encompasses structured high-yield transactions, with a notable track record as legal counsel for a majority of international high-yield debt capital markets issuances by Indian companies in recent years. Even in 2023, when the markets were slow, we advised the joint lead managers in the only two high-yield bond issuances with underlying credit of Indian companies. We also advise on equity capital markets transactions including and assist clients across whole suite of transactions including initial public offerings, follow-on offerings, rights issues, qualified institutions placements, preferential issues, depository receipts and secondary trades.
Their practice extends to providing strategic guidance on financial regulatory matters related to securities laws, foreign exchange regulations, and derivatives for a range of esteemed clients in both international and domestic markets. Noteworthy is their distinct proficiency in infrastructure financings and project bonds transactions, having been involved in USD and INR debt issuances within the renewable energy, roads, airports, and transmission sectors.
Chambers Review
TT&A's team of capital markets lawyers in India has a strong focus on DCM offerings, including senior secured notes and the issuance of green bonds. The team advises prominent domestic and financial institutions on bond and high-yield debt issuances. TT&A often handles matters in the infrastructure and energy spheres.
Work Highlights
- TT&A advised the joint lead managers of Continuum Energy Aura's issue and sale of USD435 million 9.50% senior secured notes due 2027, guaranteed by Continuum Green Energy.
Strengths
Provided by Chambers
"TT&A has a very strong presence in bond deals. They routinely act on complex structured finance matters and are known for their ability to navigate the financing regulations in India."
"They have a strong understanding of Indian regulations and an experienced team."
"TT&A has a very strong presence in bond deals. They routinely act on complex structured finance matters and are known for their ability to navigate the financing regulations in India."
"They have a strong understanding of Indian regulations and an experienced team."
Notable Practitioners
Rahul Gulati is a partner at TT&A and is based in the firm's Mumbai office. He is a leading debt capital markets practitioner, active on a broad spectrum of debt-related issues, including some offshore work.
"He is very experienced and has a great understanding of markets and regulations. He is also able to think outside the box and suggest ideas."
"Rahul has the unique ability to rationalise the provisions of the contract to both counterparties which helps to resolve deadlocked situations."
"Rahul is one of the top lawyers in his practice area in the country."
Abhinav Kumar is a partner at Cyril Amarchand Mangaldas' Mumbai office. He advises clients on large-scale equity transactions, with his client base including leading financial institutions.
"Abhinav is well-qualified and knowledgeable. He is also able to give very balanced advice."
"He's very knowledgeable. He will always have an answer or direction."
Priyanka Kumar assists banks and investors on complex debt issuances and structured finance matters.
"Priyanka is always available and approachable. She responds quickly and possesses sharp subject knowledge. On commercials, she is very reasonable and delivers projects on time."
"Priyanka has strong work ethic, commercial sense and responsiveness."
Ranked Lawyers at
TT&A
India
Clients
Provided by TT&A
Barclays Bank PLC, DBS Bank Ltd, Deutsche Bank AG, Singapore
J.P. Morgan Securities plc, HSBC, SCB, BNP Paribas
Mizuho Securities Asia Limited, MUFG Securities Asia Limited
Société Générale, Morgan Stanley, SMBC Nikko Securities
Industries
Provided by TT&A
Pharmaceutical & Healthcare, Roads, Travel & Leisure, Financial Services, Retails, IT/ ITeS
Projects, Infrastructure, Energy,