Advised issuers, selling shareholders, underwriters and financial institutions on a wide range of domestic and cross-border capital markets transactions, including initial public offerings, follow-on public offerings, qualified institutional placements, rights issues, convertible bonds, high-yield bonds, masala bonds and global depository receipts. Experience includes several of the largest and most significant transactions in the Indian market, notably the US$2.5 billion follow-on public offering of Oil and Natural Gas Corporation by the Government of India, the US$400 million follow-on offering by Cosco Capital, and other large multi-jurisdictional equity offerings involving Rule 144A and Regulation S structures.

Advised leading global and domestic investment banks on marquee equity and debt capital markets transactions, including the US$175 million IPO of A2Z Maintenance Services with concurrent Rule 144A and Regulation S offerings, the US$250 million and US$140 million international offerings by Punj Lloyd, the US$300 million and US$200 million high-yield bond offerings by Rolta India, the US$250 million convertible bond offering by Adani Enterprises, and the HK$4 billion share placement by Sinopharm. Sovereign and quasi-sovereign work includes advising the Republic of Indonesia on its US$4 billion global medium-term note programme and subsequent US$3 billion bond issuances, as well as the establishment of a €3 billion EMTN programme for Wesfarmers Limited. Also advised on significant strategic stake sales, including the US$250 million block trade sale by British Telecom of its stake in Tech Mahindra.