06 Apr 2026
Deal: Trilegal advises on INR 2,500 million NCD issuance by Canara HSBC Life Insurance
06 Apr 2026
06 Apr 2026
Trilegal acted as transaction counsel in connection with issuance of unsecured, rated, listed, redeemable, fully paid up, non-cumulative, subordinated, non-convertible debentures, aggregating to INR 2,500 million (“Debentures“) by Canara HSBC Life Insurance Company Limited (“Canara HSBC“) on a private placement basis.
Canara HSBC is a private life insurer in India and promoted by Canara Bank, which ranks as the fourth largest public sector bank by total assets in India, and HSBC Insurance (Asia-Pacific) Holdings Limited, a member of The Hongkong and Shanghai Banking Corporation Limited group. Canara HSBC had the third highest assets under management amongst public sector promoted led life insurers and ranks amongst the top five bank-led life insurers in India.
The transaction marks the first ever debt issuance by Canara HSBC.
The Trilegal Capital Markets Team advising on the matter was led by Partners: Richa Choudhary and Maitreya Rajurkar; and supported by Senior Associate: Shivayana Balodia; Associates: Tanushka Trivedi.
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 157 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,300 professionals across its Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City 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.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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