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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.

POST TAGS

Tags Banking and Financial Services, Capital Markets, JSA, Leading Law Firm, Leading Lawyers, QIP

Akash Joshi Senior Associate

Akash practices primarily in the area of capital markets and securities. He has advised clients on best possible drafting strategies for offer documents meant for initial public offers and qualified institutions placement.

Anshu Bansal Partner

Anshu practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space etc.).

Arka Mookerjee Partner

Arka’s practice area covers primarily 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 Bhattacharya Partner

Pracheta practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space, ADR, GDR etc.).