Amarchand Mangaldas and Linklaters advised India’s fourth largest private bank Yes Bank in raising Rs 2,942 crore ($500m) through a qualified institutional placement (QIP).

Amarchand Mumbai capital markets partners Yash Ashar and Abhimanyu Bhattacharya and Linklaters Singapore managing associate Pallavi Gopinath Aney along with US Associate Andrea Tompkins acted for Yes Bank.

Update: Luthra & Luthra partner Manan Lahoty with senior associate Surya Bala, and associates Rohan Sahai and Faiza Rahman acted for the book running lead managers on Indian elements of the transaction, according to Legal Era.

Allen & Overy advised Goldman Sachs (India) Securities, Deutsche Equities India, HSBC Securities & Capital Markets (India), JM Financial Institutional Securities, Motilal Oswal Investment Advisors and UBS Securities India who were the book running lead managers (BRLM) to the QIP.

A&O Hong Kong partner Amit Singh acted for the BRLM on US law.

This is one among the first few deals which have been successfully completed where the offer document includes the new disclosures requirements specified under the Form PAS-4 prescribed under the Companies (Prospectus and Allotment of Securities) Rules, 2014, according to an Amarchand press release.

This QIP came on the back of record profits of Rs 1,617.78 crore delivered by the bank in the last fiscal, reported the Express.

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1
 
Recommend! +8 Objection! -0 guest 2014-06-14 07:28  interesting
Who was Indian counsel for brlm?
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1.1
 
Recommend! +11 Objection! -0 Poor journalism? 2014-06-14 11:09  interesting
Prachi, LI claims to do some checks before publishing. Luthra was the lead managers' and that's all over the press. Did amarchand not include luthra name in its press release? What about your research?
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2
 
Recommend! +10 Objection! -1 Never trust LIs reporting 2014-06-14 12:54  interesting
sad!! con artists, Kian and Prachi, PAID NEWS at its ht. don't the owners Khaitans object, i guess not money talks.
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3
 
Recommend! +10 Objection! -0 Never trust LIs reporting 2014-06-14 12:59  interesting
shame on Amss, press releases, i guess 'm' is silent in the abbreviation.
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3.1
 
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Recommend! +0 Objection! -11 LMAO 2014-06-15 13:52
If Luthra is the legal counsel for the BRLMs, it is their job to inform or communicate such or for their BRLMs to do so, anyways.

Why should any other law firm speak on what others roles are? Most law firms tend to speak for themselves and their role including for their clients, and that's the way it should be. So what's the big issue folks?

Stop pigging back on any/other law firms credentials/comms etc ...
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4
 
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Recommend! +4 Objection! -6 kianganz 2014-06-14 13:05
Thanks for pointing out - we never got Luthra's press release for some reason and Amarchand did not include Luthra's name in its release.

Will follow up what happened there.

We have corrected the article, citing Legal Era, which reported Luthra's involved (and did seem to have received the release).

We regret the error.

Best regards
Kian
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5
 
Recommend! +15 Objection! -1 Anon 2014-06-14 16:19  interesting  top rated
Well, all that one needed to do was to get hold of the placement document from the internet and check who the legal counsel. The placement document for the issue has been available for a while. LI should seriously re-think its reporting procedures, if it sourcing these news items from another news websites. This was not even reported 'breaking' a week ago when it was launched. Relying on press releases for news not available publicly is acceptable. Not in this case, where the news and details are available publicly.
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6
 
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Recommend! +1 Objection! -0 Cap Markets 2014-06-14 20:27
Cap markets back on track? Acche din a gaye hain...
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7
 
Recommend! +5 Objection! -0 Basic research 2014-06-16 18:59  interesting
One look at the offer document would tell you which firm acted for who.
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8
 
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Recommend! +0 Objection! -1 Guest 2014-06-17 10:51
What about the network 18 - reliance deal ?? Who worked on it ??
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9
 
Recommend! +4 Objection! -0 Guest 2014-06-17 12:05
such biased reporting. LI should have known that there would be an Indian law firm for BRLMs. LI should have checked - press release or not. How is it that Legal Era got the facts correct?? There have been front page ads by YES Bank and the BRLMs which mentions Luthra's name. LI can only report negative things about Luthra. One wonders why??
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