Firm / Organisation

TT&A

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Number of partners: 7 Number of lawyers: 40

Languages: English, Hindi

Firm Overview:
TT&A is a young and dynamic firm with a formidable presence and market leading reputation in its core practice areas, i.e., corporate, finance and financial regulatory, competition and capital markets. TT&A has advised on some of the most significant and challenging transactions in the Indian market and regularly advice companies and promoters on Indian regulatory issues. Its clients include major national and international companies from different industry sectors including banking, financial intermediaries, pharma, insurance and energy. The team continues to be market leading for its in-depth experience, formidable understanding of the regulatory landscape, impeccable turn around on the most complex transactions. TT&A is one of the few Indian firms that have consistently delivered on the promise of ‘hands on’ senior involvement, which has helped ensure quality of the work product, commerciality and a mature approach towards deal negotiation and execution. This is borne out by the client feedback on partner involvement and skill level. The quality of its associate pool has been consistently noted and appreciated by clients as well. Based on these factors, TT&A has been able to establish itself as the first choice firm for all its key clients for their most complex, critical and time sensitive mandates.

Main Areas of Practice:

Banking:
2 partners
■ Goldman Sachs and other investors on a priority financing for GVK’s airport development unit for repayment of existing debt
■ Nayara Energy Limited on rupee term loan facilities: (a) State Bank of India; (b) EXIM; (c) Yes Bank Limited; (d)IDFC Limited, for the purpose of refinancing their existing rupee facilities
■ Nayara Energy Limited on working capital facilities from a working capital consortium led by SBI
■ Indian legal counsel to Deutsche Bank on a listed rated NCD for GMR Airports Limited for refinancing of existing debt.

Capital Markets:
1 partner
■ Barclays, Citigroup Global Markets, Deutsche Bank, Emirates NBD, Investec Bank, JP Morgan Securities, Morgan Stanley and Standard Chartered Bank as joint lead managers, on issue of notes aggregating to USD $950 million by Greenko Solar (Mauritius) Limited
■ Barclays, Goldman Sachs, HSBC, J.P. Morgan and Yes Bank as joint book-runners on the issue of notes aggregating to USD 375million, by eight subsidiaries of ReNew Power Limited
■ Piramal Capital and Housing Finance Limited in relation to the establishment of secured euro medium term note programme of upto USD 1.000,000,000 Corporate/M&A 3 partners
■ Participatie Maatschappij Graafschap Holland N.V. on its indirect stake increase in Future Generali India Life Insurance Company Ltd. and Future Generali India Insurance Company Ltd
■ GSK Asia Private Limited on the sale of its entire shareholding in Chiron Behring Vaccines Private Limited to Bharat Biotech International Limited

Competition:
1 partner
■ Advised 21st Century Fox Inc. in relation to the sale of its businesses to The Walt Disney Company. This was a complex and high-profile global deal which required divestments in other global jurisdictions to gain approval of antitrust authorities. However, we successfully gained CCI approval within the first phase of review, without any divestments in India
■ Advised Linde AG in relation to its ‘merger of equals’ with Praxair Inc and gained a conditional approval post a phase 2 merger review process. This was one of the biggest global mergers in 2018, and involved several divestments. Currently advising Linde AG in relation to the divestments ordered by the CCI pursuant to its approval of the global merger between Linde AG and Praxair Inc
■ Successfully represented Star India Private Limited (SIPL) in its petition before the Hon’ble Bombay High Court, seeking dismissal of the CCI’s order directing an investigation against SIPL
■ Advised Rosneft in relation to its acquisition of Essar Oil which is one of the largest FDI deals in India

Financal Regulatory:
1 partner
■ Advising FPI’s on registration, trading and offshore derivative instruments
■ Advising banks on trading and clearing of securities and derivatives on Indian stock exchanges