South Asia - India

S&R Associates

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S&R Associates fields an experienced team in capital markets work and is routinely involved in significant transactions, acting for a varied client base, which includes investment banks, issuers and private equity selling shareholders. Sandip Bhagat heads up the practice and has substantial experience advising on IPOs and business trust offerings by InvITs and REITs. Jabarati Chandra focuses on the equity capital markets side and handles securities regulation matters, while Juhi Singh covers transactional mandates such as rights issuances, qualified institutional placements and other equity offerings. Jitesh Shahani and Pratichi Mishra are additional key team members who regularly assist with debt offerings, bulk/block trades, high-yield bond issuances and regulatory matters.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team at S&R Associates are exceptional. They are very knowledgeable, proactive, hands-on and commercially aware. We have frequently referred work to them in situations involving high-value matters or complex legal or regulatory analysis, as the client benefits from their in-depth analysis and proactiveness, combined with their understanding of the Indian market. ’
  • ‘Sandip Bhagat is stellar. He is at the top of his game, combining a vast and deep knowledge of Indian capital markets and commercial sensitivity and judgement in high-value transactions. He is also very approachable and clear in explaining complex regulatory issues and frameworks to clients. Jabarati Chandra is knowledgeable, proactive and a pleasure to work with together or across the table.’
  • ‘S&R Associates is known for its capital market practice. It has experienced team members at all levels. The firm is known for its quality standards.’
  • ‘Juhi Singh is a partner based out of Delhi. While working with her on multiple transactions, I have realized that she goes through every detail. She will ask all the difficult questions, which others may avoid raising and due to this reason, we can identify pain points in advance. She is one of the most preferred partners at S&R.’
  • ‘The team is highly professional with excellent knowledge in their areas of expertise. They also have reliable solutions for any issues within the framework of law.’
  • ‘We have worked with Pratichi Mishra, and her expertise in REITs and InvIT regulations has been quite exceptional.’

Key clients

  • AGS Transact Technologies Limited
  • Axis Capital Limited
  • BofA Securities India Limited
  • Citigroup Global Markets India Private Limited
  • Embassy Office Parks REIT
  • Global Health Limited
  • IIFL Securities Limited
  • IRB Infrastructure Trust
  • J.P. Morgan India Private Limited
  • Kotak Mahindra (Investment Bank)
  • Morgan Stanley
  • Motilal Oswal Investment Advisors Limited
  • SBI Capital Markets Limited
  • Suzlon Energy Limited
  • Vodafone Group Plc

Work highlights

  • Represented Global Health Limited, the operator of 'Medanta' hospitals, in its ₹22.05bn initial public offering.
  • Represented Suzlon Energy Limited, a listed renewable energy solutions provider, in its ₹12bn rights issuance.
  • Represented IRB Infrastructure Trust in a ₹2,425m rights issuance to eligible unitholders of the unlisted InvIT.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Practice head

The lawyer(s) leading their teams.

Sandip Bhagat

Other key lawyers

Jabarati Chandra, Juhi Singh, Pratichi Mishra, Jitesh Shahani