TT&A advised MUFG Bank, Mizuho Bank, JP Morgan Chase Bank, Barclays, SMBC and DBS Bank, each as an anchor investor, in an INR 33,000,000,000 financing by way of INR denominated, senior, rated, listed and redeemable non-convertible debentures for JSW Paints Limited, for financing the acquisition of Akzo Nobel India Limited. 

This is a marquee deal in the acquisition finance space and the acquisition of Akzo Nobel India Limited will make JSW Paints a significant player in the Indian paints market. 

TT&A Team – Rahul Gulati & Rituparno Bhattacharya – Partners; Nakul Sonejee & Nikita Agarwal – Managing Associates; Pallav Rathi – Senior Associate and Adesh Sharma, Rajeev Dadhich & Kashish Agarwal – Associates