Kolkata-based private sector lender, Bandhan Bank, has filed draft papers with markets regulator SEBI for its initial public offer (IPO) to raise an estimated amount of over Rs 2,500 crores (around $391m) through a mix of primary and secondary share sale of equity shares, as reported by MoneyControl and Business Today. The bank proposes to offer up to 119.28 million equity shares of face value of Rs 10 each at a price to be determined, through a book building process including premium and sets to launch the IPO around March or April.
Cyril Amarchand Mangaldas advised
Khaitan & Co acted as the Indian legal counsel for
Clifford Chance acted as the international legal counsel to the book running lead managers and was represented by
AZB & Partners acted and represented as the legal advisors to the selling shareholders, led by
Update 24 January 2018: Shardul Amarchand Mangaldas acted for existing shareholder
Bandhan Bank is the first instance in India when a micro-finance entity has transformed into a universal bank and since its formation, the bank has witnessed a robust growth both in terms of amount of deposits and number of new customers. The current issue is said to be the biggest banking sector IPO till date.
2017-12-30
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One day they shall pass away not knowing what they have missed.
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