Fielding broad sector and cross-border expertise, the capital markets team at AZB & Partners is well-regarded by its broad spectrum of clients, the list of which includes leading investment banks, issuers, promoters and shareholders, for its equity and debt-related transaction capabilities. Varoon Chandra heads the Mumbai-based team and has experience handling the range of issues surrounding IPO, QIP and FCCB transactions. Lionel D’Almeida is a key member of the team for advising on securities-related transactions, along with buy-back and debt related matters. Srinath Dasari and Agnik Bhattacharyya, based in Bangalore and New Delhi respectively, are ports of call for international clients seeking cross-border experience. Rahul Aggarwal and Sweta Ananthanarayanan are also key members of the team.

Cyril Amarchand Mangaldas’ Mumbai-based practice is well-equipped to handle the wide variety of cases for issuers, managers and other interested clients, both domestic and international. The team is reputed for its strong capabilities in both transactional and regulatory matters, and assists with IPOs, FPOs and QIPs in the energy, telecoms and financial sectors, amongst others. October 2024 arrival Manan Lahoty operates as the head of the team, offering his expertise in significant public offering and block sale cases. Lahoty co-heads the department alongside Cyril Shroff who has expertise in advising national players in securities matters, and Yash J. Ashar who has diverse capital markets transactional experience. Abhiroop Lahiri is also a name to note in the team.

Clients praise the ‘very organised, hardworking and pragmatic’ practice at Khaitan & Co LLP. The team’s areas of expertise includes handling the range of equity transaction matters for international clients in the financial, real estate, and energy sectors. It also handles complex work in the debt capital markets arena. The Mumbai-based team is jointly headed by Sudhir Bassi and Abhimanyu Bhattacharya, two notable practitioners in capital raising, buy-back and SEBI-related transactional matters, alongside Manisha Shroff, who fields significant experience handling domestic and cross-border debt capital market mandates, including issues from debt issuances to borrowing. Aditya Cheriyan and Gautham Srinivas are experts in major IPO transactions and institutional placements. Madhur Kohli is a noteworthy member of the team.

S&R Associates’s offering routinely handles a diverse range of equity and debt-related mandates, advising clients on matters ranging from REIT and InvIT transactions, to various domestic and cross-border IPO, FPO and bulk deal sales. The 'legally astute yet commercial' Mumbai-based Sandip Bhagat leads the team and harnesses significant experience in securities regulations and transactions work, particularly high-value and international IPOs. Jabarati Chandra and Jitesh Shahani have considerable combined expertise in QIPs, debt offerings, buy-backs, and the range of capital market matters. Juhi Singh and Pratichi Mishra's respective workloads include various institutional placement, private placement and REIT transactions, while Swapneil B. Akut is turned to by issuers, investors, and managers for his diverse experience in AIFs, InvITs and alternative transaction types.

The 'really exemplary' practice at Shardul Amarchand Mangaldas & Co spans the full range of transactional and advisory mandates, having been retained for various large-scale IPO, QIP and OFS equity capital market matters, along with InvITs, REITs, FCCBs and other debt and investment structures. New Dehli's Prashant Gupta co-heads the practice alongside Mumbai-based Nikhil Naredi; both specialise in equity and debt capital market transactions, respectively. Manjari Tyagi and Sayantan Dutta harness proficiencies in securities and international and high-yield transactions. Shubangi Garg is experienced in foreign currency financing and convertible loans, along with private equity matters in fintech. Krupa Brahmbhatt joined the team in March 2025, while Trishita Dasgupta was promoted to partnership in June 2025.

The practice at Saraf and Partners handles a diverse portfolio of mandates, which include IPOs, QIPs, FPOs, stock exchange sales, and numerous other securities transactions, both locally and internationally. Firm founder Mohit Saraf heads the New Delhi team, and has expertise in equity and debt capital market transactions. Mohit Saraf leads the Mumbai practice and harnesses experience in standard and hybrid securities mandates, and works closely with Abir Lal Dey, a key port of call for domestic financial institutions and real estate companies.

The team at JSA Advocates & Solicitors is experienced advising underwriters in India on IPOs, QIPs, and rights offers, along with the range of equity capital markets transactions. Madhurima Mukherjee, based out of New Delhi, has significant experience assisting on local and cross-border securities transactions, such as InvITS, and co-leads the team with Mumbai office head Arka Mookerjee who is a key point of contact for issuers, underwriters and other stakeholders in both equity and debt transactions. Anuj Pethia joined the team in September 2024, following Mathew Thomas‘ July 2024 departure, and Karan Mitroo and Purvi Dabbiru both joined in April 2025.

Talwar Thakore & Associates' team has a strong track-record in capital market transactions, advising clients on a number of bond-related sales, debt issuance, IPOs and other equity sales. Rahul Gulati is turned to by clients for his expertise in both domestic and international transactions, including those pertaining to debt capital markets. Priyanka Kumar is a key point of contact for debt transactions for international clients, while Abhinav Kumar fields considerable experience in equity transactions, including rights issues, secondary trades and IPOs.

Demonstrating capabilities in the entertainment, energy, real estate and logistics sectors, amongst others, the team at Trilegal is broadly experienced advising on IPOs, buybacks, foreign bonds and other transactional matters. The Mumbai-based ‘collaborative, and engaged’ team is headed by Bhakta Patnaik who is experienced in domestic and cross-border equity and debt capital market matters. Richa Choudhary is praised for her ‘deep experience across sectors and across products’. Brajendu Bhaskar and Albin George Thomas are turned to by clients for their expertise in high-value international deals, while Abhinav Maker is a key member of the Delhi team. Vinay Sirohia and Murtaza Zoomkawala joined the team in October and September 2024, respectively.

The capital markets & securities department at Bharucha & Partners is noted for its ‘commitment and availability’, advising clients in a number of transactional and regulatory matters. Vishnu Dutt heads the team in Mumbai, and is a key operator in IPOs, debt issueances, derivatives and structured product related matters. Alka Bharucha heads the transaction practice, and is a port of call for IPOs, equity and debt transactions, alongside regulatory matters in the capital markets space.

Luthra and Luthra Law Offices India’s team is turned to by clients for its broad sector expertise, which includes real estate and finance, amongst other areas. Girish Rawat is a key member of the team with experience advising on high-value transactions such as disinvestments, takeovers and buybacks. Akshit Kapoor is turned to by clients for their experience in advising local and international clients in various transactions in the health care, telecoms and, in particular, real estate sector and has advised on both IPOs and QIPs therein. Karan Mitroo, Purvi Dabbiru and Geeta Dhania departed the team in April 2025, while Saswat Mohanty joined in January 2025.

NL Legal‘s practice advises clients across the energy, insurance and finance sectors, amongst others, and harnesses expertise in transactions. The transactions the team's workload features include high yield and green bonds, equity-linked products, and buybacks.  Niloufer Lam heads the Mumbai-based team harnesses experience advising on sophisticated South Asia-based transactions, while Mihir Shukla has particular expertise in securitization, derivative and debt capital market-related matters.

ALMT Legal‘s Bangalore-based team advises clients from the finance, telecoms, IT and other regulated sectors for its expertise in full-service transactions, including issuances, IPOs, and share sales. It advises international clients in various transactional and regulatory matters within the capital markets sector. S.R. Arun co-heads the team with Rajat Bopaiah, and offer considerable experience in FPOs, IPOs, rights issues and investment transactions.

The team at DSK Legal is well-versed in handling various transactional matters, including IPOs, debt issues, bonds-related matters and takeovers, and advises clients across the energy, pharma, chemical and real estate industries, amongst others. The Mumbai-based team is jointly headed by Ajay Shaw, Gaurav Mistry, Avinash Poojari and Akanksha Tiwary who both play a substantial role in equity listings, public offerings and other capital market-related transactions, and Akanksha Dubey.

Juris Corp‘s team offers a breadth of capital markets expertise, operating in transactions pertaining to bond issuance and NCDs, amongst many others. Mumbai-based Apurva Kanvinde heads the team, and has a reputation for her expertise in domestic and cross-border transactions in capital markets. Smit Parekh is also a key member of the team.

The practice at SNG & PARTNERS assists with domestic and international transactions, advising clients on IPO, FPO, debt issuance and securitisation matters, as well as in regulatory context. Amit Aggarwal and Aditya Vikram Dua jointly head the Mumbai and New Delhi teams, and offer considerable expertise in debt and equity transactions, along with hybrid transactions.