"I would recommend Talwar Thakore & Associates as the stand-out law firm for banking and finance advice in India. Their service is timely, their staff very responsive and they anticipate our needs....
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"I would recommend Talwar Thakore & Associates as the stand-out law firm for banking and finance advice in India. Their service is timely, their staff very responsive and they anticipate our needs. Their advice is right on the mark and as a firm they are a pleasure to deal with," says a banking client. The firm continues to carve out a niche for itself, and armed with its best friend's tie-up with Linklaters, has secured a role on a number of high profile transactions in the past year. One client says: "The firm gets two to three deals from us a year, but these tend to be more complex than any others, as we know that they have the bandwidth to handle such specific matters with attention and ability."
On a high profile matter this year, the firm advised Standard Chartered Bank and JPMorgan, who were acting as mandated lead arrangers, in Vedanta's acquisition of a controlling stake in Cairn India. The transaction was structured as a two-level acquisition, with a part of the stake being acquired by an Indian operating subsidiary via an open offer to shareholders and the remaining stake being bought by a Mauritian special purpose vehicle (SPV) via a share purchase agreement with the vendor. The financing was thus required to accommodate a range of possible outcomes depending on the success of the open offer. This transaction was handled by partners Kunal Thakore and Narayan Iyer, and associates Ravi Kumar and Sonali Mahapatra.
A client recommends the firm for its sure-footed approach to development: "We know through dealings with them that the firm won't stretch beyond its core competence. We recognise and appreciate that they won't expand at the expense of their quality of service."
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Talwar Thakore & Associates enjoyed a stable year, as the firm looked to develop its pipeline of experience with no substantial changes at the partner level. The firm consolidates its place in the rankings with its involvement in high transactions such as client BP's landmark acquisition of a 30% stake in 23 oil and gas production blocks from Reliance Industries....
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Talwar Thakore & Associates enjoyed a stable year, as the firm looked to develop its pipeline of experience with no substantial changes at the partner level. The firm consolidates its place in the rankings with its involvement in high transactions such as client BP's landmark acquisition of a 30% stake in 23 oil and gas production blocks from Reliance Industries. Further work on this matter included the formation of a joint venture between the companies for the sourcing and marketing of gas in the country. The transaction was valued at $9 billion and is reported to be one of the largest ever M&A transactions in India. It was headed by partner Narayan Iyer and was closed in February 2011.
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