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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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 ...
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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