Among the top teams for banking and finance in the Indian market, Talwar Thakore & Associates guides banks, multilateral and development finance institutions, NBFCs, funds and corporates across the spectrum of matters. From financing acquisitions, including acquisition and leveraged finance, project finance, mezzanine finance, trade finance and securitisation, to cross-border and domestic fundraising and loans, notes and debentures work, the team is well-equipped to handle some of the largest mandates. Sonali Mahapatra, the leading lawyer of the team, deepens the practice’s abilities in international financings and high-valued structured finance matters. Joint managing partner Gautam Saha rounds the team’s external commercial borrowings and foreign portfolio investment expertise. Nidhi Rani is a standout practitioner specialising in power, oil, roads and real estate transactions, debt restructuring and leveraged finance matters, while Rituparno Bhattacharya oversees complex deals for both banks and alternative credit providers.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘TT&A distinguishes itself through expertise, client-centric service, and availability of partner-level resources. They are good with standard financing transactions.’

  • ‘The biggest quality is that they are accessible and spend time on the matter. It's not a run-of-the-mill approach, and we find partners devoting time to calls and transaction finalisation.’

  • ‘Provides high-quality, knowledgeable legal advice. The team is pragmatic and sensible and do not let non-material details throw transactions off track.'

  • ‘Rituparno Bhattacharya invests in the relationship to understand our business and finds innovative ways to provide us with the advice we need on transactions and projects.'

  • ‘The banking and finance team at TTA is quite possibly the "best" team out there for complex deals. The team has extraordinary bench strength compared to other firms or teams doing the same work and pride themselves on providing top-notch services.'

  • 'They are all that you could expect from a team that knows its worth and committed to delivering excellence at every stage. Strongly recommend.'

Key clients

  • Asian Development Bank No
  • Asian Infrastructure Investment Bank No
  • Avanse Financial Services
  • Axis Bank Limited
  • Ascertis Credit
  • Barclays Bank PLC
  • Bank of America
  • Citibank
  • Deutsche Bank AG
  • Elham Credit Partners
  • ING
  • International Finance Corporation

Work highlights

Advised on financing by way of unrated, unlisted, secured, zero coupon, redeemable non-convertible debentures of the nominal value of INR 10m each, aggregating up to INR 286bn by Porteast Investment Private Limited.
Advised Barclays Bank PLC, and Deutsche Bank AG, Mumbai branch, as arrangers in connection with the issuance of INR denominated redeemable, listed, rated, secured, non-convertible debentures of amount aggregating up to INR 50bn in three series, and INR listed, rated, transferable, rupee denominated commercial paper of amount aggregating up to INR 50bn in three series, by Mankind Pharma Limited, to partly fund the acquisition of Bharat Serums and Vaccines Limited.
Advised investors and lenders on financings aggregating to approx. $1.6bn availed by Data Infrastructure Trust, an infrastructure investment trust sponsored and managed by the Brookfield group.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Rituparno Bhattacharya
Sonali Mahapatra
Gautam Saha

Next Generation Partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Nidhi Rani

Other key lawyers

Sonali Mahapatra; Gautam Saha; Nidhi Rani; Rituparno Bhattacharya; Ambarish Mohanty