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.
- Legally Jobs: VAS giant OnMobile seeks legal head with 12+ years PQE in Bangalore
- Legally Jobs: The Law Point seeks Senior Level Associates with 5-10 years PQE, salary Rs 10-18 lakhs
- Legally Jobs: The Law Point seeks Mid Level Associates with 2-5 years PQE, salary Rs 5-10 lakhs
- Legally Jobs: NLU Delhi's Centre on the Death Penalty is hiring project managers/associates for Rs 50,000 - 70,000 / month
NB: By reading the comments you agree that they are the personal views and opinions of readers, for which Legally India has no liability whatsoever. Because anonymous comments may be biased or unreliable, you agree that you will not allow any comment(s) to affect your estimation of any person(s) or organisation(s). If you believe a comment is inappropriate, please click 'Report to administrator' below the comment with your objection and we will review it as soon as practicable.