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Qualified Institutions Placement of IDFC FIRST Bank Limited

Deal
October 9, 2023

JSA advised IDFC FIRST Bank Limited (“IDFC FIRST Bank”) in relation to their qualified institutions placement. IDFC FIRST Bank had filed a placement document on October 6, 2023, for issue of 33,24,09,972 equity shares to qualified institutional buyers aggregating to approximately ₹ 3,000 crore (the “Issue”). ICICI Securities Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited and Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) acted as the lead managers to the Issue.

Our Transaction Team Lead Partner – Arka Mookerjee, Partner – Siddhartha Desai, Principal Associate – Anshu Bansal, Associate – Shambhavi Kumar and Pooja Tada.

POST TAGS

Tags Banking and Finance, IDFC FIRST Bank Limited, JSA, Leading Law Firm, Leading Lawyers, QIP, Wealth Management

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.

Siddhartha Desai Partner

Siddhartha specializes in public and private Capital Market transactions. He has advised various issuers, underwriters and selling shareholders on equity offerings such as initial public offerings, rights issues, qualified institutions placements, institutional placement programmes & infrastructure investment trusts (InvITs), and debt offerings such as non-convertible debenture issuances.