05 Mar 2026
Deal: Trilegal advised ARCIL on IPO filing
05 Aug 2025
05 Aug 2025
Trilegal has advised Asset Reconstruction Company (India) Limited (ARCIL) on its filing of the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking a key milestone in ARCIL’s journey toward its initial public offering (IPO).
ARCIL, a pioneer in the Indian asset reconstruction industry, was the first asset reconstruction company to be established in India. With this proposed IPO, ARCIL could become the first ARC to be listed on the Indian stock exchanges, a potential milestone for India’s distressed asset sector.
Established in 2002, ARCIL is India’s first and one of the largest private asset reconstruction companies, with a diversified portfolio across corporate, SME, and retail loans. It is sponsored by Avenue Capital and State Bank of India.
Trilegal also advised the State Bank of India in its capacity as Sponsor and Selling Shareholder.
The Trilegal Capital Markets team advising on the matter was led by Partners: Bhakta Patnaik and Albin Thomas; and supported by Senior Associates: Somya Jena and Arsh Sinha; Associates: Akanksha Goel, Tushar Chitlangia, Raajlaxmi Singh, and Adhish Mohanty.
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About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With more than 140 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,100 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024, India Deal Firm of the Year at the Asian Legal Business (ALB) India Law Awards in 2023, and Best Law Firm to Work by Vahura in 2022.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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