JSA advises J.P. Morgan, in its capacity as a manager to the offer, in the open offer made by Emirates NBD Bank (P.J.S.C.) to the public shareholders of RBL Bank Limited

JSA is advising J.P. Morgan, in its capacity as the manager to the open offer, in the open offer made by Emirates NBD Bank (P.J.S.C.) to the public shareholders of RBL Bank Limited (“Bank”). The Bank is listed on BSE and NSE.

The underlying transaction involves a preferential issue by the Bank for an amount not exceeding ~USD 3 billion with an open offer size of ~USD 1.3 billion.

1. The transaction is a landmark transaction on account of being:
2. The largest foreign direct investment in the Indian financial services sector;
3. The largest equity fund raise in the Indian banking sector;
4. The largest fund raise via preferential issue by a listed entity;
5. The first acquisition of majority interest in a profitable Indian bank by a foreign bank

The transaction was led by Partner, Anand Lakra with support from Principal Associate, Ami Shah, Associate, Janhavi Jagtap, and Associate, Viraja Shah.