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AZB & Partners

Capital Markets: Equity

Asia-Pacific Guide 2026 : India

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AZB & Partners

Rankings

About

Provided by AZB & Partners

The Firm’s Capital Markets team is one of a handful in India that combines expertise in equity and debt capital markets transactions. This enables the leverage and application of learning and experience from different types of transactions to build consensus and act for issuers, merchant bankers, promoters and institutional selling shareholders.

AZB’s mandate to be practical and deal focused without compromising on our commitment to excellence has resulted in our capital markets practice being one of the most renowned in the country. This is evidenced by our client list, featuring the most reputable corporate houses, investment banks and private equity players.

One of the few law firms with a completely integrated, pan India practice, we are well-positioned to service client requirements across location and jurisdiction.

Chambers Review

Provided by Chambers

Capital Markets: Equity - India

What the Team is Known For

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.

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Work Highlights

Provided by Chambers

  • AZB & Partners represented the book-running lead managers, including Kotak Mahindra Capital, Citigroup Global Markets India and J.P. Morgan India, on Hexaware Technologies’ IPO aggregating up to approximately INR99.50 billion through an offer for sale by Carlyle.

Strengths

Provided by Chambers

  • Their timely and well-researched advice, combined with consistent execution, sets the firm apart from other competitors.

    Capital Markets: Equity respondentAsia-Pacific

  • They are a hard-working, committed, problem-solving and diligent team. They have decades of sector-agnostic commercial awareness.

    Capital Markets: Equity respondentAsia-Pacific

Notable Practitioners

Provided by Chambers

  • Varoon Chandra
    Varoon Chandra

    Varoon Chandra

    Varoon Chandra is a senior partner at AZB & Partners and is based in Mumbai. He is instructed by major financial institutions and handles large-scale IPOs, QIPs and MTNs.

    • Varoon Chandra has been doing this for a while. He is very level-headed and respected in the market.

      Capital Markets: Equity respondentAsia-Pacific

    • He has decades of experience, is a problem solver and a pleasure to work with.

      Capital Markets: Equity respondentAsia-Pacific
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  • Lionel D'Almeida
    Lionel D'Almeida

    Lionel D'Almeida

    Lionel D'Almeida is a partner at AZB & Partners and is based in its Mumbai office. He is involved on equity share buy-back deals and IPOs.

    • He is very responsive and provides risk-balanced advice.

      Capital Markets: Equity respondentAsia-Pacific

    • Lionel is very pragmatic and solution-oriented, whilst keeping in mind company interests.

      Capital Markets: Equity respondentAsia-Pacific
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  • Agnik Bhattacharyya
    Agnik Bhattacharyya

    Agnik Bhattacharyya

    Agnik Bhattacharyya is a partner at AZB & Partners and is based in its Delhi office. He is active on a range of high-value QIPs and IPOs in India.

    • Agnik is one of the most practical and flexible partners out there. His strengths are his patience and problem-solving approach.

      Capital Markets: Equity respondentAsia-Pacific
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Ranked Individuals at AZB & Partners (3)

India

Members

Provided by AZB & Partners

AZB & Partners has rankings in the following guides

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