Talwar Thakore & Associates

AZB & Partners, Talwar Thakore & Associates, Allen & Overy (A&O), Linklaters and Vinson & Elkins have advised on oil major British Petroleum’s (BP) record acquisition of 30 per cent of 23 oil and gas production sharing contracts (including the KG D6 block) operated by Reliance Industries Limited (RIL) for a consideration of $7.2bn (Rs 32,500 crore).

Bharucha & Partners with Norton Rose and Talwar Thakore & Associates (TTA) with best friend Linklaters are advising HSBC on its takeover of the Indian retail and commercial banking business of Royal Bank of Scotland (RBS) for a premium of Rs 444 crore ($95m) over the net asset value of the business.

Bharucha & Partners is moving its corporate department making and half the firm into Talwar Thakore Associates former Mumbai office, almost doubling its available floorspace in Mumbai.

Two partners from Linklaters have resigned to join its Indian best friend firm Talwar Thakore & Associates (TTA) as equity partners.

The firm has also promoted two of its associates to non-equity partner level and put in place a lockstep system.

Linklaters best friend Talwar Thakore & Associates has leased a new office in the Fort area with 70 per cent more floor space, bucking the recent trend of Mumbai firms moving North.

Amarchand Mangaldas has acted on 70 per cent of qualified institutional placements (QIPs) in the first half of this financial year, with international firms, AZB & Partners, J Sagar Associates (JSA), Luthra & Luthra, S & R Associates and Crawford Bayley mopping up the rest.

Tata Steel has selected an identical roster of firms to advise on its latest fundraising in London, with Amarchand Mangaldas, Talwar Thakore Associates, Cleary Gottlieb Steen & Hamilton and Milbank Tweed Hadley & McCloy reprising their roles from the monster 2008 Corus acquisition-related rights issue.