Department profile
TT&A

Capital Markets: Debt

Asia-Pacific Guide 2026 : India


TT&A

Rankings

About

Provided by TT&A

TT&A boasts extensive expertise in advising both international and domestic clients across a diverse spectrum of debt capital markets and convertible bond transactions. As the premier law firm in India specializing in debt capital markets, their focus encompasses structured high-yield transactions, with a notable track record as legal counsel for a majority of international high-yield debt capital markets issuances by Indian companies in recent years. Even in 2023, when the markets were slow, we advised the joint lead managers in the only two high-yield bond issuances with underlying credit of Indian companies. We also advise on equity capital markets transactions including and assist clients across whole suite of transactions including initial public offerings, follow-on offerings, rights issues, qualified institutions placements, preferential issues, depository receipts and secondary trades.

 

Their practice extends to providing strategic guidance on financial regulatory matters related to securities laws, foreign exchange regulations, and derivatives for a range of esteemed clients in both international and domestic markets. Noteworthy is their distinct proficiency in infrastructure financings and project bonds transactions, having been involved in USD and INR debt issuances within the renewable energy, roads, airports, and transmission sectors.

 


Clients (4)

  • Barclays Bank PLC, DBS Bank Ltd, Deutsche Bank AG, Singapore
  • J.P. Morgan Securities plc, HSBC, SCB, BNP Paribas
  • Mizuho Securities Asia Limited, MUFG Securities Asia Limited
  • Société Générale, Morgan Stanley, SMBC Nikko Securities

Industries (2)

  • Projects, Infrastructure, Energy,
  • Pharmaceutical & Healthcare, Roads, Travel & Leisure, Financial Services, Retails, IT/ ITeS

Chambers Review

Provided by Chambers

Capital Markets: Debt - India


What the Team is Known For

TT&A's team of capital markets lawyers in India has a strong focus on DCM offerings, including senior secured notes and the issuance of green bonds. The team advises prominent domestic and financial institutions on bond and high-yield debt issuances. TT&A often handles matters in the infrastructure and energy spheres.

Work Highlights

Provided by Chambers

  • TT&A advised Barclays Bank, Citigroup Global Markets, Deutsche Bank, J.P. Morgan Securities and Standard Chartered Bank as joint lead managers on the issuance of USD300 million 10.25% guaranteed senior bonds and USD500 million 11.25% guaranteed senior bonds by Vedanta Resources Finance II.

Strengths

Provided by Chambers

  • Their extremely sound knowledge of the regulatory framework in India and their solution-oriented approach towards clients sets them apart from competitors.

    Capital Markets: Debt respondentAsia-Pacific
  • They have a fantastic set of people who keep themselves abreast of recent developments and are able to come up with out-of-the-box solutions.

    Capital Markets: Debt respondentAsia-Pacific

Notable Practitioners

Provided by Chambers

  • Band 1Rahul Gulati
    Band 1Rahul Gulati

    Rahul Gulati

    Rahul Gulati is a partner at TT&A and is based in the firm's Mumbai office. He is a leading debt capital markets practitioner, active on a broad spectrum of debt-related issues, including some offshore work.
    • He is a very sound technical lawyer with experience doing complex cross-border deals involving very different considerations and multiple counterparties.

      Capital Markets: Debt respondentAsia-Pacific
    • Rahul Gulati is highly experienced and thoroughly commercial. Big fan!

      Capital Markets: Debt respondentAsia-Pacific
  • Band 3Abhinav Kumar
    Band 3Abhinav Kumar

    Abhinav Kumar

    Abhinav Kumar advises clients on equity transactions, with his client base including leading financial institutions.

    • Abhinav has excellent client-handling skills, proficient regulatory knowledge, awareness of market practices and a strong ability to provide solutions to complex issues.

      Capital Markets: Debt respondentAsia-Pacific
  • Band 3Priyanka Kumar
    Band 3Priyanka Kumar

    Priyanka Kumar

    Priyanka Kumar assists banks and investors on complex debt issuances and structured finance matters.

Ranked Individuals at TT&A (3)

India

Members

Provided by TT&A

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