Talwar Thakore & Associates
Notable cases
- HSBC on its acquisition of L&T AMC, the largest in India’s asset management industry;
- Structuring banks in relation to an USD 1.7 billion financing for Goswami Infratech Private Limited, a promoter group entity of the Shapoorji Pallonji group for refinancing of existing debt and group funding requirements. This was the largest private placement of debentures by a non-investment grade issuer;
- The arrangers on the acquisition financing to Adani Group for its acquisition of Holcim, the largest acquisition financing transaction for an Indian acquisition to date;
- One of the largest foreign acquisitions at USD 12.9 billion by Rosneft of Essar Oil Limited;
- The Tata Group on its USD 2.7 billion successful acquisition of Air India along with Air India’s shareholding interest of 100% in Air India Express Limited and Air India SATS Airport Services Private Limited, the first complete disinvestment of a public sector undertaking for 18 years*;
- The joint lead managers in the first dual-tier note issuance structure from India by the Greenko Group;
- The joint lead managers in the first co-issuer structure in India by certain subsidiaries of Renew Power Ltd.;
- The largest rupee bond issuance for a leveraged buyout for Nirchem Cement for its acquisition of Lafarge India;
- National Investment and Infrastructure Fund (“NIIF”) in primary equity investment of INR 6.31 billion in GMR Goa International Airport Limited; and
- Linde AG on its merger with Praxair Inc and the implementation of the divestment and remedies imposed by CCI to allow the creation of the largest industrial gas company in the world.
- The Match Group on its complaint against Google Inc and Apple in relation to its in-app payment processing service.