Shubhangi Garg is a Partner in the General Corporate practice at the New Delhi office of Shardul Amarchand Mangaldas & Co.
Shubhangi specialises in banking and finance, debt capital markets, regulatory and corporate advisory. Shubhangi’s practice focusses on financing, regulatory as well as foreign exchange advisory matters. With over a decade of experience in the banking and finance sector, Shubhangi specialises in debt capital markets, acquisition finance, structured lending, syndicated loans, foreign currency financing and convertible loans, listed NCD issuances by InvITs and REITs. Shubhangi also advises clients on cross border and overseas direct investments. She also has experience in advising on private equity and foreign direct investment in the Fintech and payments space as well as and routinely advises Indian and international corporates on the regulatory framework governing digital payment products.
Shubhangi has advised various Fortune 500 companies, banks, sovereign wealth funds, international financial institutions and global investment banks including International Finance Corporation, Brookfield Inc., Barclays Bank, Standard Chartered Bank, Mizuho Bank, Bank of America, Merrill Lynch & Farallon Capital, Singapore, Bharti Airtel Limited, Vodafone, American Express, Loyalty Payment Solutions, State Bank of India, HDFC Bank, ABFL, Bank of Tokyo & Mitsubishi. She also advises some of the leading payment systems and Fintech players in the country such as Pay Pal, One 97 (Paytm), Flipkart, Kitecash & Zeta Pay.
Shubhangi has co-authored the India Chapter of the 8th and 9th editions of ‘The Banking Regulation Review’, published by The Law Review.
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Acted as borrower counsel for a listed bond offering by India’s largest InvIT, sponsored by Brookfield for INR 6370 crores in to part finance its acquisition of the East West Pipeline, a 1460 km trunk pipeline for transportation of natural gas operating from Kakinada (Andhra Pradesh) to Bharuch (Gujarat)) from the Reliance group.
Acted as lenders counsel in one of the largest financings by a consortium of banks, including SBI, Bank of India, Punjab National Bank and Exim Bank in connection with the INR 350 billion financing to Oil & Natural Gas Corporation for its acquisition of 51% of the equity share capital of Hindustan Petroleum Corporation Limited from the Government of India.
Advised WNS Private Limited in connection with issuance of INR 450 crore Masala Bond issuance.
Advised Zuari Cements Limited in connection with issuance of INR 500 crore Masala Bond issuance.
Advised Bank of America, Merrill Lynch & Farallon Capital, Singapore re: investment in listed NCDs worth INR 850 crores issued by Hindustan Power Projects Limited, India.
A detailed experience statement can be shared on a confidential basis.
Next Generation Lawyer for Banking & Finance in India by The Legal 500, 2017-18
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