JSA advised the Karnataka Bank Limited (the “Bank“) in relation to the qualified institutions placement by the Bank. The Bank filed a placement document on March 27, 2024 for an issue of 26,431,718 equity shares to qualified institutional buyers aggregating to approximately ₹ 6,000.00 million (the “Issue“). Ambit Private Limited and Avendus Capital Private Limited acted as lead managers to the Issue.
Deal Value: INR 6,000.00 million
Our Transaction Team Comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya and Anshu Bansal, Senior Associate – Akash Joshi, Associate – Ayushi Pandit and Shambhavi Kumar.
Anshu practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space etc.).
Arka’s practice area involves equity capital markets issuances which covers a wide range of products, such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.
Pracheta practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space, ADR, GDR etc.).