Anand Shah

(i) On multiple structured aircraft financing through its operating subsidiary in the GIFT City, India, to acquire around 50 aircraft aggregating to over USD 1.5 Billion with international banks – BNPP, CACIB, HSBC, MUFG, SCB, SMBC & SCB and Indian Banks – Axis Bank and Bank of India. (ii) Air India and Vistara on transfer of Vistara’s entire fleet to Air India by way of series of separate novation agreements for all operating and finance leases of 72 aircraft and 12 engines and advisory on the merger of the two airlines.

Advised CapitaLand India Data Centre Fund Pte. Ltd., a private fund in Singapore, on its proposed acquisition of 20.02% stake in three India level SPVs holding data centre assets from Ascendas Property Fund (India) Pte. Ltd., which is a wholly owned subsidiary of CapitaLand India Trust, a REIT listedon the Singapore Stock Exchange.

Advised KKR in providing financing of upto USD 600 million to holding companies of the Manipal Group (in 2025). This was KKR’s largest private credit investment in India and involved complicated structural considerations.

(i) AerCap, ACG, BoC Aviation, Macquarie AirFinance, SES, WLFC and other international lessors on their operating lease mandates in India and (ii) Bank of America, BNP Paribas, DBS, CA-CIB, HSBC, SCB and various other multinational banks on their finance leases in India.

Advised PAG in connection with a USD 372 million term loan facility availed by a PAG investment company in Cyprus (in 2025), from a consortium of overseas banks comprising of Barclays, DBS, Goldman Sachs, SCB and SMBC.

Represented the promoter entities of Reliance Industries in the largest securitization deal in India – USD 2.4 Bn.

AZB & Partners acted as legal counsel to the selling promoters and promoter group of VIP Industries Limited in sale of a controlling stake to a consortium led by Multiples Alternate Asset Management Private Equity Fund.

(i) On multiple structured aircraft financing through its operating subsidiary in the GIFT City, India, to acquire around 50 aircraft aggregating to over USD 1.5 Billion with international banks – BNPP, CACIB, HSBC, MUFG, SCB, SMBC & SCB and Indian Banks – Axis Bank and Bank of India. (ii) Air India and Vistara on transfer of Vistara’s entire fleet to Air India by way of series of separate novation agreements for all operating and finance leases of 72 aircraft and 12 engines and advisory on the merger of the two airlines.

Advised CapitaLand India Data Centre Fund Pte. Ltd., a private fund in Singapore, on its proposed acquisition of 20.02% stake in three India level SPVs holding data centre assets from Ascendas Property Fund (India) Pte. Ltd., which is a wholly owned subsidiary of CapitaLand India Trust, a REIT listedon the Singapore Stock Exchange.

Advised KKR in providing financing of upto USD 600 million to holding companies of the Manipal Group (in 2025). This was KKR’s largest private credit investment in India and involved complicated structural considerations.

(i) AerCap, ACG, BoC Aviation, Macquarie AirFinance, SES, WLFC and other international lessors on their operating lease mandates in India and (ii) Bank of America, BNP Paribas, DBS, CA-CIB, HSBC, SCB and various other multinational banks on their finance leases in India.

Advised PAG in connection with a USD 372 million term loan facility availed by a PAG investment company in Cyprus (in 2025), from a consortium of overseas banks comprising of Barclays, DBS, Goldman Sachs, SCB and SMBC.

Represented the promoter entities of Reliance Industries in the largest securitization deal in India – USD 2.4 Bn.

AZB & Partners acted as legal counsel to the selling promoters and promoter group of VIP Industries Limited in sale of a controlling stake to a consortium led by Multiples Alternate Asset Management Private Equity Fund.

(i) On multiple structured aircraft financing through its operating subsidiary in the GIFT City, India, to acquire around 50 aircraft aggregating to over USD 1.5 Billion with international banks – BNPP, CACIB, HSBC, MUFG, SCB, SMBC & SCB and Indian Banks – Axis Bank and Bank of India. (ii) Air India and Vistara on transfer of Vistara’s entire fleet to Air India by way of series of separate novation agreements for all operating and finance leases of 72 aircraft and 12 engines and advisory on the merger of the two airlines.

Advised CapitaLand India Data Centre Fund Pte. Ltd., a private fund in Singapore, on its proposed acquisition of 20.02% stake in three India level SPVs holding data centre assets from Ascendas Property Fund (India) Pte. Ltd., which is a wholly owned subsidiary of CapitaLand India Trust, a REIT listedon the Singapore Stock Exchange.

Advised KKR in providing financing of upto USD 600 million to holding companies of the Manipal Group (in 2025). This was KKR’s largest private credit investment in India and involved complicated structural considerations.

(i) AerCap, ACG, BoC Aviation, Macquarie AirFinance, SES, WLFC and other international lessors on their operating lease mandates in India and (ii) Bank of America, BNP Paribas, DBS, CA-CIB, HSBC, SCB and various other multinational banks on their finance leases in India.

Advised PAG in connection with a USD 372 million term loan facility availed by a PAG investment company in Cyprus (in 2025), from a consortium of overseas banks comprising of Barclays, DBS, Goldman Sachs, SCB and SMBC.

Represented the promoter entities of Reliance Industries in the largest securitization deal in India – USD 2.4 Bn.

AZB & Partners acted as legal counsel to the selling promoters and promoter group of VIP Industries Limited in sale of a controlling stake to a consortium led by Multiples Alternate Asset Management Private Equity Fund.

(i) On multiple structured aircraft financing through its operating subsidiary in the GIFT City, India, to acquire around 50 aircraft aggregating to over USD 1.5 Billion with international banks – BNPP, CACIB, HSBC, MUFG, SCB, SMBC & SCB and Indian Banks – Axis Bank and Bank of India. (ii) Air India and Vistara on transfer of Vistara’s entire fleet to Air India by way of series of separate novation agreements for all operating and finance leases of 72 aircraft and 12 engines and advisory on the merger of the two airlines.

Advised CapitaLand India Data Centre Fund Pte. Ltd., a private fund in Singapore, on its proposed acquisition of 20.02% stake in three India level SPVs holding data centre assets from Ascendas Property Fund (India) Pte. Ltd., which is a wholly owned subsidiary of CapitaLand India Trust, a REIT listedon the Singapore Stock Exchange.

Advised KKR in providing financing of upto USD 600 million to holding companies of the Manipal Group (in 2025). This was KKR’s largest private credit investment in India and involved complicated structural considerations.

(i) AerCap, ACG, BoC Aviation, Macquarie AirFinance, SES, WLFC and other international lessors on their operating lease mandates in India and (ii) Bank of America, BNP Paribas, DBS, CA-CIB, HSBC, SCB and various other multinational banks on their finance leases in India.

Advised PAG in connection with a USD 372 million term loan facility availed by a PAG investment company in Cyprus (in 2025), from a consortium of overseas banks comprising of Barclays, DBS, Goldman Sachs, SCB and SMBC.

Represented the promoter entities of Reliance Industries in the largest securitization deal in India – USD 2.4 Bn.

AZB & Partners acted as legal counsel to the selling promoters and promoter group of VIP Industries Limited in sale of a controlling stake to a consortium led by Multiples Alternate Asset Management Private Equity Fund.

(i) On multiple structured aircraft financing through its operating subsidiary in the GIFT City, India, to acquire around 50 aircraft aggregating to over USD 1.5 Billion with international banks – BNPP, CACIB, HSBC, MUFG, SCB, SMBC & SCB and Indian Banks – Axis Bank and Bank of India. (ii) Air India and Vistara on transfer of Vistara’s entire fleet to Air India by way of series of separate novation agreements for all operating and finance leases of 72 aircraft and 12 engines and advisory on the merger of the two airlines.

Advised CapitaLand India Data Centre Fund Pte. Ltd., a private fund in Singapore, on its proposed acquisition of 20.02% stake in three India level SPVs holding data centre assets from Ascendas Property Fund (India) Pte. Ltd., which is a wholly owned subsidiary of CapitaLand India Trust, a REIT listedon the Singapore Stock Exchange.

Advised KKR in providing financing of upto USD 600 million to holding companies of the Manipal Group (in 2025). This was KKR’s largest private credit investment in India and involved complicated structural considerations.

(i) AerCap, ACG, BoC Aviation, Macquarie AirFinance, SES, WLFC and other international lessors on their operating lease mandates in India and (ii) Bank of America, BNP Paribas, DBS, CA-CIB, HSBC, SCB and various other multinational banks on their finance leases in India.

Advised PAG in connection with a USD 372 million term loan facility availed by a PAG investment company in Cyprus (in 2025), from a consortium of overseas banks comprising of Barclays, DBS, Goldman Sachs, SCB and SMBC.

Represented the promoter entities of Reliance Industries in the largest securitization deal in India – USD 2.4 Bn.

AZB & Partners acted as legal counsel to the selling promoters and promoter group of VIP Industries Limited in sale of a controlling stake to a consortium led by Multiples Alternate Asset Management Private Equity Fund.

(i) On multiple structured aircraft financing through its operating subsidiary in the GIFT City, India, to acquire around 50 aircraft aggregating to over USD 1.5 Billion with international banks – BNPP, CACIB, HSBC, MUFG, SCB, SMBC & SCB and Indian Banks – Axis Bank and Bank of India. (ii) Air India and Vistara on transfer of Vistara’s entire fleet to Air India by way of series of separate novation agreements for all operating and finance leases of 72 aircraft and 12 engines and advisory on the merger of the two airlines.

Advised CapitaLand India Data Centre Fund Pte. Ltd., a private fund in Singapore, on its proposed acquisition of 20.02% stake in three India level SPVs holding data centre assets from Ascendas Property Fund (India) Pte. Ltd., which is a wholly owned subsidiary of CapitaLand India Trust, a REIT listedon the Singapore Stock Exchange.

Advised KKR in providing financing of upto USD 600 million to holding companies of the Manipal Group (in 2025). This was KKR’s largest private credit investment in India and involved complicated structural considerations.

(i) AerCap, ACG, BoC Aviation, Macquarie AirFinance, SES, WLFC and other international lessors on their operating lease mandates in India and (ii) Bank of America, BNP Paribas, DBS, CA-CIB, HSBC, SCB and various other multinational banks on their finance leases in India.

Advised PAG in connection with a USD 372 million term loan facility availed by a PAG investment company in Cyprus (in 2025), from a consortium of overseas banks comprising of Barclays, DBS, Goldman Sachs, SCB and SMBC.

Represented the promoter entities of Reliance Industries in the largest securitization deal in India – USD 2.4 Bn.

AZB & Partners acted as legal counsel to the selling promoters and promoter group of VIP Industries Limited in sale of a controlling stake to a consortium led by Multiples Alternate Asset Management Private Equity Fund.

(i) On multiple structured aircraft financing through its operating subsidiary in the GIFT City, India, to acquire around 50 aircraft aggregating to over USD 1.5 Billion with international banks – BNPP, CACIB, HSBC, MUFG, SCB, SMBC & SCB and Indian Banks – Axis Bank and Bank of India. (ii) Air India and Vistara on transfer of Vistara’s entire fleet to Air India by way of series of separate novation agreements for all operating and finance leases of 72 aircraft and 12 engines and advisory on the merger of the two airlines.

Advised CapitaLand India Data Centre Fund Pte. Ltd., a private fund in Singapore, on its proposed acquisition of 20.02% stake in three India level SPVs holding data centre assets from Ascendas Property Fund (India) Pte. Ltd., which is a wholly owned subsidiary of CapitaLand India Trust, a REIT listedon the Singapore Stock Exchange.

Advised KKR in providing financing of upto USD 600 million to holding companies of the Manipal Group (in 2025). This was KKR’s largest private credit investment in India and involved complicated structural considerations.

(i) AerCap, ACG, BoC Aviation, Macquarie AirFinance, SES, WLFC and other international lessors on their operating lease mandates in India and (ii) Bank of America, BNP Paribas, DBS, CA-CIB, HSBC, SCB and various other multinational banks on their finance leases in India.

Advised PAG in connection with a USD 372 million term loan facility availed by a PAG investment company in Cyprus (in 2025), from a consortium of overseas banks comprising of Barclays, DBS, Goldman Sachs, SCB and SMBC.

Represented the promoter entities of Reliance Industries in the largest securitization deal in India – USD 2.4 Bn.

AZB & Partners acted as legal counsel to the selling promoters and promoter group of VIP Industries Limited in sale of a controlling stake to a consortium led by Multiples Alternate Asset Management Private Equity Fund.

(i) On multiple structured aircraft financing through its operating subsidiary in the GIFT City, India, to acquire around 50 aircraft aggregating to over USD 1.5 Billion with international banks – BNPP, CACIB, HSBC, MUFG, SCB, SMBC & SCB and Indian Banks – Axis Bank and Bank of India. (ii) Air India and Vistara on transfer of Vistara’s entire fleet to Air India by way of series of separate novation agreements for all operating and finance leases of 72 aircraft and 12 engines and advisory on the merger of the two airlines.

Advised CapitaLand India Data Centre Fund Pte. Ltd., a private fund in Singapore, on its proposed acquisition of 20.02% stake in three India level SPVs holding data centre assets from Ascendas Property Fund (India) Pte. Ltd., which is a wholly owned subsidiary of CapitaLand India Trust, a REIT listedon the Singapore Stock Exchange.

Advised KKR in providing financing of upto USD 600 million to holding companies of the Manipal Group (in 2025). This was KKR’s largest private credit investment in India and involved complicated structural considerations.

(i) AerCap, ACG, BoC Aviation, Macquarie AirFinance, SES, WLFC and other international lessors on their operating lease mandates in India and (ii) Bank of America, BNP Paribas, DBS, CA-CIB, HSBC, SCB and various other multinational banks on their finance leases in India.

Advised PAG in connection with a USD 372 million term loan facility availed by a PAG investment company in Cyprus (in 2025), from a consortium of overseas banks comprising of Barclays, DBS, Goldman Sachs, SCB and SMBC.

Represented the promoter entities of Reliance Industries in the largest securitization deal in India – USD 2.4 Bn.

AZB & Partners acted as legal counsel to the selling promoters and promoter group of VIP Industries Limited in sale of a controlling stake to a consortium led by Multiples Alternate Asset Management Private Equity Fund.

(i) On multiple structured aircraft financing through its operating subsidiary in the GIFT City, India, to acquire around 50 aircraft aggregating to over USD 1.5 Billion with international banks – BNPP, CACIB, HSBC, MUFG, SCB, SMBC & SCB and Indian Banks – Axis Bank and Bank of India. (ii) Air India and Vistara on transfer of Vistara’s entire fleet to Air India by way of series of separate novation agreements for all operating and finance leases of 72 aircraft and 12 engines and advisory on the merger of the two airlines.

Advised CapitaLand India Data Centre Fund Pte. Ltd., a private fund in Singapore, on its proposed acquisition of 20.02% stake in three India level SPVs holding data centre assets from Ascendas Property Fund (India) Pte. Ltd., which is a wholly owned subsidiary of CapitaLand India Trust, a REIT listedon the Singapore Stock Exchange.

Advised KKR in providing financing of upto USD 600 million to holding companies of the Manipal Group (in 2025). This was KKR’s largest private credit investment in India and involved complicated structural considerations.

(i) AerCap, ACG, BoC Aviation, Macquarie AirFinance, SES, WLFC and other international lessors on their operating lease mandates in India and (ii) Bank of America, BNP Paribas, DBS, CA-CIB, HSBC, SCB and various other multinational banks on their finance leases in India.

Advised PAG in connection with a USD 372 million term loan facility availed by a PAG investment company in Cyprus (in 2025), from a consortium of overseas banks comprising of Barclays, DBS, Goldman Sachs, SCB and SMBC.

Represented the promoter entities of Reliance Industries in the largest securitization deal in India – USD 2.4 Bn.

AZB & Partners acted as legal counsel to the selling promoters and promoter group of VIP Industries Limited in sale of a controlling stake to a consortium led by Multiples Alternate Asset Management Private Equity Fund.

(i) On multiple structured aircraft financing through its operating subsidiary in the GIFT City, India, to acquire around 50 aircraft aggregating to over USD 1.5 Billion with international banks – BNPP, CACIB, HSBC, MUFG, SCB, SMBC & SCB and Indian Banks – Axis Bank and Bank of India. (ii) Air India and Vistara on transfer of Vistara’s entire fleet to Air India by way of series of separate novation agreements for all operating and finance leases of 72 aircraft and 12 engines and advisory on the merger of the two airlines.

Advised CapitaLand India Data Centre Fund Pte. Ltd., a private fund in Singapore, on its proposed acquisition of 20.02% stake in three India level SPVs holding data centre assets from Ascendas Property Fund (India) Pte. Ltd., which is a wholly owned subsidiary of CapitaLand India Trust, a REIT listedon the Singapore Stock Exchange.

Advised KKR in providing financing of upto USD 600 million to holding companies of the Manipal Group (in 2025). This was KKR’s largest private credit investment in India and involved complicated structural considerations.

(i) AerCap, ACG, BoC Aviation, Macquarie AirFinance, SES, WLFC and other international lessors on their operating lease mandates in India and (ii) Bank of America, BNP Paribas, DBS, CA-CIB, HSBC, SCB and various other multinational banks on their finance leases in India.

Advised PAG in connection with a USD 372 million term loan facility availed by a PAG investment company in Cyprus (in 2025), from a consortium of overseas banks comprising of Barclays, DBS, Goldman Sachs, SCB and SMBC.

Represented the promoter entities of Reliance Industries in the largest securitization deal in India – USD 2.4 Bn.

AZB & Partners acted as legal counsel to the selling promoters and promoter group of VIP Industries Limited in sale of a controlling stake to a consortium led by Multiples Alternate Asset Management Private Equity Fund.