Department profile
Trilegal

Capital Markets: Debt

Global Guide 2026 : India


Trilegal

Rankings

About

Provided by Trilegal

Extensive experience in advising issuers and investment banks on a broad range of domestic and international transactions in the debt and equity markets 

Our capital markets team provides a full spectrum of services that include routinely advising clients on equity and debt capital market transactions. We assist companies with the issuance of equity and equity-linked instruments including initial public offerings, preferential issues, private placements, qualified institutional placements, foreign currency convertible bonds and overseas listings of global depository receipts. Our lawyers have extensive experience working on business trust and REIT transactions in India and Singapore. ​ 

Our debt capital markets practice spans non-convertible debentures, medium-term note programmes, certificates of deposit, commercial papers and high-yield bonds.​ 

We have worked on some of the most complex and significant transactions in India. Our client roster includes prominent Indian and foreign companies, underwriters, foreign portfolio investors, banks, venture capitalists, and leading asset management companies.​ 

Our capital markets team works closely with the firm's regulatory, banking and finance, litigation, restructuring and other specialist teams to develop commercially viable solutions that often incorporate precedent-setting financing techniques in the industry.  

Chambers Review

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Capital Markets: Debt - India


What the Team is Known For

Trilegal's team of capital markets lawyers in India regularly advises underwriters, foreign investors, investment funds and issuers. The firm is well regarded for its expertise in issues regarding IPOs, QIPs and rights issues. The team is able to draw on the strength of its banking practice for debt capital markets issues. The department often handles transactions pertaining to the technology, retail and life sciences sectors, among others.

Work Highlights

Provided by Chambers

  • Trilegal represented ICICI Securities, Jefferies India, JM Financial, JP Morgan India and Nomura Financial Advisory and Securities (India) on Inventurus Knowledge Solutions’ INR2,497 cores IPO.

Strengths

Provided by Chambers

  • Trilegal’s strength lies in their partner-led approach, ensuring consistent senior involvement and solution-driven advice. Their team brings deep knowledge coupled with hands-on execution capability.

    Capital Markets: Debt respondentGlobal
  • Their service levels and responsiveness are excellent; they are available round the clock, entire team members were thoroughly committed to complete the transaction.

    Capital Markets: Debt respondentGlobal
  • The team distinguishes itself through its approachability, understanding of client requirements and by delivering exactly what is required with high quality and precision.

    Capital Markets: Debt respondentGlobal

Notable Practitioners

Provided by Chambers

  • Band 2Bhakta Patnaik
    Band 2Bhakta Patnaik

    Bhakta Patnaik

    Bhakta Patnaik is a capital markets partner based in Trilegal's Mumbai office. He specialises in both equity and debt markets. He undertakes a body of work that encompasses QIPs, IPOs, rights issues and note offerings.
    • Bhakta Patnaik's approach is very simple and exceptionally effective.

      Capital Markets: Debt respondentGlobal
    • Bhakta's ability to navigate intricate legal frameworks with precision, coupled with his strategic approach to risk mitigation, has provided immense value.

      Capital Markets: Debt respondentGlobal
  • Band 3Richa Choudhary
    Band 3Richa Choudhary

    Richa Choudhary

    Richa Choudhary in Mumbai is recognised in the market due to her equity capital markets experience. She often acts for selling shareholders and issuers on IPOs.

    • Her deep expertise, combined with strong commercial acumen and a proactive approach, has been instrumental in navigating the complexities of our activities.

      Capital Markets: Debt respondentGlobal
    • Richa has extensive IPO experience and is very responsive.

      Capital Markets: Debt respondentGlobal
  • Band 3Vijay Parthasarathi
    Band 3Vijay Parthasarathi

    Vijay Parthasarathi

    Vijay Parthasarathi is well reputed for various types of capital raisings, including IPOs and QIPs.

    • Vijay is an excellent capital markets lawyer with great integrity and depth of knowledge. He is also approachable and easy to work with.

      Capital Markets: Debt respondentGlobal
  • Up and ComingMurtaza Zoomkawala
    Up and ComingMurtaza Zoomkawala

    Murtaza Zoomkawala

    Murtaza Zoomkawala is noted for advising issuers and underwriters on a broad range of capital markets instruments, including sustainability-linked notes, NCDs and MTN programmes.
    • Murtaza Zoomkawala's keen understanding of SEBI regulations, corporate governance and capital market dynamics has been instrumental in ensuring a smooth execution of critical processes.

      Capital Markets: Debt respondentGlobal

Ranked Individuals at Trilegal (6)

India

Members

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