With a deep nationwide bench strength, AZB & Partners is well-positioned to advise on significant public offerings, block deals, and rights issuances, among other capital markets mandates. Mumbai-based Varoon Chandra leads the group, and he is noted for his capabilities in the corporate finance space, while Lionel D’Almeida has recently handled buy-backs, public offerings and domestic debt issues. In Bangalore, Srinath Dasari contributes his strengths across institutional placements and venture capital transactions among others, while in Delhi, Agnik Bhattacharyya enjoys extensive expertise on a domestic and international scale. Rahul Aggarwal and Sweta Ananthanarayanan are also recommended.

Cyril Amarchand Mangaldas’ expertise ecompasses IPOs, block trades and private and public offers and retains a sizeable securities regulatory practice. Managing partner and seasoned practitioner Cyril Shroff and national head Yash J. Ashar jointly lead the practice; the former enjoys a strong reputation on the securitisation side, and the latter is highly experienced in preferential allotments, IPOs and rights offerings. Kranti Mohan is adept at handling business trusts and REITs. Abhinav Kumar and Gokul Rajan are other names to note in the practice.

The ‘technically sound’ team at Khaitan & Co LLP retains a varied offering that extends across the sectors of pharma, renewable energy and financial services, among others. The team is capable of assisting with international bond issuances, private credit deals and a variety of other transactions. The practice is led by Sudhir Bassi, who excels in marquee capital raising, Abhimanyu Bhattacharya, who is engaged to manage IPOs and private institutional placements, and Manisha Shroff, who maintains a diverse practice spanning debt capital markets. Aditya Cheriyan handles the full gamut of transactions in this space, while Gautham Srinivas is entrusted to assist with IPOs and the management of private equity funds. Another key name to note in the practice is Madhur Kohli, an expert on the equity capital markets side.

S&R Associates’s core streams of work are comprised of equity and debt securities, REITs and various regulatory and litigation mandates. Sandip Bhagat spearheads the practice, regularly engaged by corporates and investment banks for assistance with securities law, takeover regulations and other matters. Jabarati Chandra is noted for her capabilities in relation to equity capital markets mandates, and Jitesh Shahani’s diverse practice incorporates elements of debt offerings, restructuring transactions and equity public offerings. Transactional expert Juhi Singh and Pratichi Mishra, who handles the gamut of legal and regulatory issues, are other names to note.

Noted for being an ‘exceptional’ practice, Shardul Amarchand Mangaldas & Co’s diverse offering encompasses multi-faceted equity and debt securities offerings, investment trusts and regulatory mandates. Prashant Gupta, who leads the team, demonstrates particular proficiencies across IPOs, rights issues and buy-backs, while Nikhil Naredi excels in handling securities offerings for a variety of clients. Shilpa Mankar Ahluwalia, a fintech expert, advises clients on structured debt investments and Sayantan Dutta is geared to handle IPOs, sizeable rights issues and InvITs. Manjari Tyagi bolsters the practice with her securities experience, with Shubhangi Garg contributing her syndicated loan, foreign currency financing and debt investment strengths to the group.

Regularly advising a diverse array of financial institutions, corporate organisations and first-time issuers, JSA Law is active on both equity and debt capital markets sides and frequently handles QIP related mandates. Madhurima Mukherjee and Arka Mookerjee jointly head the practice; the former possesses a wealth of experience in managing IPO, InVITs and block trades, while the latter is geared to handle a variety of rights issues, IPOs and foreign currency convertible bonds.

Luthra and Luthra Law Offices India’s capital markets practice spans the full range of issues, from IPOs to qualified institutions placements. Geeta Dhania steers the practice with her considerable transactional expertise across equity, debt and convertible securities embedded within a range of sectors. Girish Rawat is particularly active across the tech, hospitality and manufacturing sectors, while Karan Mitroo is highly experienced in managing finance and restructuring deals for a variety of clients.

Counting financial services, manufacturing and a range of other clients in its roster, Trilegal is noted for its capacity to manage public offerings, foreign bonds and liability management issues. Heading up the practice is Bhakta Patnaik, who is well positioned to advise on cross-border mandates. Richa Choudhary operates for a variety of financial services clients across equity capital markets. Brajendu Bhaskar’s strengths involve handling high value deals for issuers and managers, while Albin George Thomas assists clients with a spread of both equity and debt capital markets mandates.

Active on both the litigation and regulatory sides of the space, Bharucha & Partners is notably experienced in managing IPOs and securities issues. Vishnu Dutt spearheads the department, his wide-ranging experience encompasses private placements, share and debt issuances, as well as structured derivatives. Alka Bharucha leads the transactional group and is especially knowledgeable in matters arising from the telecoms sector. Counsel Mehul Jain strengthens the group with his fund and regulatory expertise.

NL LEGAL continues to maintain a varied capital markets offering, comprising offshore currency loans, structured finance and investments, alongside derivatives and regulatory issues. Leading the team is Niloufer Lam, whose capabilities include deal structuring and a variety of debt capital markets mandates. Another name to note is Mihir Shukla, who demonstrates capabilities across securitisations, funds and derivatives.

Talwar Thakore & Associates possesses an established presence on the debt capital markets side, alongside providing a range of financial regulatory advice and project bond transaction advice. Key contact Rahul Gulati is engaged by clients to manage issuances, finance transactions and securities transactions, while Priyanka Kumar focuses particularly on debt capital markets issues and is capable of operating at both a domestic and international scale. Abhinav Kumar joined the team from Cyril Amarchand Mangaldas in October 2024.

ALMT Legal is entrusted by companies, merchant bankers and a variety of other clients to advise on the full stable of capital markets transactions, including contentious and non-contentious aspects. S.R. Arun’s wide-ranging experience is comprised of stock exchange related mandates, rights issues and qualified institutional placements, while Rajat Bopaiah is well-versed in advising venture capital and private equity funds.

With notable capabilities across the infrastructure, aviation and power sectors, Dentons Link Legal routinely operates within the equity capital markets space for a diverse roster of clients. The practice is spearheaded by Milind Jha, who is a strong choice for financial institutions and merchant banks, as well as those active within the aviation space. Other key players include Rohitashwa Prasad and Namita Das; the former’s capabilities encompass IPOs, joint ventures and financial investments, and the latter’s strengths lie in fund raisings, insolvency and bankruptcy proceedings.