The Legal 500

Deemed to be a ‘leader in the field’, Amarchand & Mangaldas & Suresh A. Shroff & Co’s recent record includes advising on the $850m 
QIP of Adani Enterprises. It also advised the managing banks - Deutsche Bank, UBS and Goldman Sachs - on Tata Power’s $450m hybrid bond. Cyril Shroff and Ashwath Rau are highly regarded.

AZB & Partners acted as legal adviser to the underwriters - including Kotak Mahindra Capital Company, Citigroup Global Markets India Private and SBICAP Securities - on the Tata Steel’s supplemental public issue of equity shares. Shameek Chaudhuri is recommended.

The ‘highly rated’ team at Crawford Bayley & Co was instructed to advise public sector undertaking SAIL on its follow-on public offer (FPO). The group is experienced in a range of areas including IPOs, cross-border syndicated loans, structured and acquisition financing, and regulatory matters.

Headline clients for the team at J Sagar Associates include IOL Chemicals and Pharmaceuticals, State Bank of India and Financial Technologies India. Somasekhar Sundaresan is excellent.

Khaitan & Co. advised the underwriters in the $584m IPO of JSW Energy and acted for KSK Power Ventur on its secondary listing on the London Stock Exchange. Ravi Kulkarni always ‘works to the highest standard’ and Vibhava Sawant and Nikhilesh Panchal are also recommended.

Talwar Thakore & Associates acted as Indian counsel to the joint global co-ordinators and joint book runners for the $175m FCCB offering by Suzlon Energy. The team also acted as Indian counsel to Citigroup Global Markets India and RBS Equities (India) for the right issue offer by Central Bank of India.

Bharucha & Partners advised Suzlon Energy on its INR 13.08bn rights issue of equity shares. The ‘brilliant’ Alka Bharucha heads the team.

Desai & Diwanji is recommended for its equity capital markets experience.

Luthra & Luthra’s ‘reliable’ team advised the Ministry of Coal and Coal India on the latter’s $3.49bn IPO. Mohit Saraf and Manan Lahoty head the team.

Nishith Desai Associates has advised clients such as Indiabulls Financial Services, Pyramid Retail and Orbit Corporation on capital markets matters.

Rajani Associates’ clients include Glodyne Technoserve, Mudra Lifestyle and APL Apollo Tubes. Sangeeta Lakhi and Sanjay Israni heads the team.

Trilegal acted as local counsel for DSP 
Merrill Lynch, Morgan Stanley, Enam Securities and UBS Securities on the QIP of Exide Industries. It also acted as the domestic legal counsel to Ramky Infrastructure in its IPO of equity 
shares. Srinivas Parthasarathy is recommended.

DSK Legal acted for Strides Arcolab on its $100m QIP and advised Arrow Textiles on a rights issue. Raksha Kothari is recommended.

Dave & Girish & Co is highly regarded for its experience in US securities.

Gagrats advised Hysen Development Corporation of Hongkong on its script 
dividend schemes and acted for Elder Pharmaceuticals on a proposed issue of global depository receipts.

Juris Corp’s client base includes Morgan Stanley, Edelweiss and Société Générale. H Jayesh heads the five-partner practice.

Kanga & Co’s ‘reputable’ capital markets practice has advised clients such as ARSS Infrastructure Projects and Raheja Universal.

Wadia Ghandy & Co advised Lodha Developers on an IPO.

ALMT Legal acted as counsel to the issuer, Flexituff International, on its INR1.5bn IPO. It also advised a leading US financial services company on the securities and banking laws affecting its group companies in India. Bangalore-based S R Arun and Dhanya Menon head the practice. Aliff Fazelbhoy and Ryna Karani are the key contacts in Mumbai.

A.R.A. LAW’s clients have included ICICI Prudential and You Telecom.

Economic Laws Practice is recommended for its capital markets expertise.

Established in 2010, FINSEC Law Advisors acted for MCX Stock Exchange in its ongoing dispute with the Securities and Exchange Board of India (SEBI). It also advised Claris Lifesciences on regulatory matters relating to its IPO. The ‘knowledgeable’ Sandeep Parekh is recommended.

MDP & Partners expertise includes advising issuers, investment banks, underwriters and lead managers on offerings in the domestic 
and international capital markets, including 
IPOs, follow-on public offerings, QIPs and rights issues.

Majmudar & Co provides ‘concise and commercially focused advice’ and advised Dubai Mercantile Exchange on Indian securities and foreign exchange laws applicable to trading commodities derivatives on offshore exchanges from India. It also acted as local counsel to Essar Shipping Ports & Logistics regarding a $280m foreign currency convertible bonds issuance. Akil Hirani heads the team.

Mulla & Mulla & Craigie Blunt & Caroe has ‘vast experience’ in the capital markets arena.

Vaish Associates clients have included Illinois Tools Work, National Stock Exchange of India and Intel Capital Mauritius.