Capital Markets | Asia-Pacific

AZB & Partners has a market-leading team of lawyers in India, known for its work on debt and equity issuances, and particularly active on IPOs and QIPs, representing issuers and underwriters in cross-border matters. The team maintains an impressive list of clients, including major corporate issuers and international financial institutions. The firm is also noted for its expertise regarding debt offerings, such as non-convertible debentures and foreign currency convertible bonds. The department handles transactions in a range of sectors, including financial services, telecommunications and real estate. Some of its key clients include Infosys, Tata Consultancy Services and Delta Corp.

Cyril Amarchand Mangaldas has a market-leading capital markets law practice in India with a superb reputation for handling both domestic and international matters. The firm's book of work includes numerous IPOs, QIPs and rights issues. The team is active in the financial services, infrastructure, technology and energy sectors, acting for prominent issuers and lead managers. The firm is also active on debt issuances, including US dollar-denominated bonds. Clients include large corporates and InvITs such as National Highways Infra Trust, J.P. Morgan Securities and Macrotech.

Lawyers at Shardul Amarchand Mangaldas & Co are highly reputed for equity and debt capital markets, acting on headline mandates in India. The team is regularly instructed by both financiers and issuers on high-value deals. The group possesses valuable experience in the market for IPOs, secondary offerings, QIPs and non-convertible debentures, advising a broad range of clients in sectors such as financial services, technology, energy and life sciences. Key clients include Delhivery, KFin and Sula Vineyards. The firm is instructed on REIT public offerings and is a prominent fixture on many leading domestic transactions.

IndusLaw has a well-established team for capital markets, with key lawyers based in Mumbai and New Delhi. The team offers extensive experience on the full range of equity capital market transactions, including IPOs and QIPs. Lawyers at the firm are active representing both issuers and underwriters in domestic and cross-border matters. Clients benefit from the firm's thriving practices in related areas such as corporate and venture capital. The group acts for companies from sectors including finance, technology and healthcare. Clients represented include JM Financial, Kotak Mahindra Capital and ICICI Securities.

JSA is a respected law firm in India advising on both equity and debt matters, regularly acting for underwriters on IPOs and with an established reputation for non-convertible debentures and MTN programmes. Clients include a wide range of international and local financial institutions, in addition to high-profile names from the energy, technology and infrastructure arenas. The team advises on the formation, registration and IPO of infrastructure investment trusts, and also handles QIP, rights issue and share buy-back transactions. Clients of the team include Indiabulls Real Estate, Data Infrastructure Trust and DCX Systems.

Khaitan & Co has a dedicated team of capital markets lawyers in India, held in high regard for its work advising on a range of offerings. The team is able to handle novel DCM matters including high-yield bonds, as well as ECM engagements such as IPOs and QIPs. The firm acts for well-known domestic and international investment banks, financial institutions and public sector organisations, as well as corporates from a range of sectors. Some names represented by the firm include JSW Steel, Healthium Medtech and Go Air.

S&R Associates is renowned for its work in equity capital markets as advisers to domestic and international banks on IPOs, QIPs and block trades. Lawyers of the firm maintain an excellent reputation as underwriters' counsel on high-profile matters, while also acting for issuers. The team handles deals relating to such sectors as financial services, insurance, healthcare and real estate. Some of the firm's key client include Axis Capital, Citigroup Global Markets India and IIFL Securities.

Trilegal's team of capital markets lawyers in India regularly advises underwriters, foreign investors, investment funds and issuers. The firm is well regarded for its expertise in issues regarding IPOs, QIPs and rights issues. The team is able to draw on the strength of its banking practice for debt capital markets issues. The department often handles transactions pertaining to the technology, retail and life sciences sectors, among others. Some of the team's key clients include Metro Brands, Sula Vineyards and YES Securities (India).

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. Credit Suisse, Standard Chartered Bank and Apollo Global Management are clients.

The capital markets team at ZBA contains debt specialists overseeing NCD, GMTN and green bond work in India. The firm counts various power, infrastructure and utility companies among its clients, many from the public sector. The team maintains a healthy presence on cross-border matters, especially those concerning the listing of note programmes on the Singapore Exchange. Key clients of ZBA include Indian Oil, Niva Bupa Health Insurance and Indian Railways Finance.

Juris Corp draws on its solid reputation in the banking industry to represent clients on debt capital markets matters. The team handles bond subscriptions and issuances and is notably active on non-convertible debentures transactions. Team members are also noted for derivatives expertise. Clients of the team include Adani Capital, Hella Infra Market and Tata Housing Development.

Luthra and Luthra Law Offices India handles IPOs, rights issues and QIPs, acting as counsel to issuers, lead managers and placement agents. The team also assists clients with subscription to bonds and the private placement of debt securities. The department acts on transactions in a range of sectors including real estate, technology, finance and energy. Minda Industries, ICICI Bank and HSBC are among its roster of clients.

Saraf and Partners' team of lawyers is well placed to advise on capital markets legal matters in India. The team is well versed in handling IPOs and QIPs, and regularly acts as counsel to issuers and financial institutions. The firm is also experienced in relation to debt transactions, including notes issuance. The department's expertise is spread across several sectors, including finance, healthcare, transportation and technology. JSW Infrastructure, Axis Finance, Anant Investments are among its clients.