Qualified Institutions Placement by Karnataka Bank Limited

  • Deal
  • April 18, 2024

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.