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.