CAM, SAM team up for $2.3bn State Bank of India QIP

The State Bank of India (SBI) is planning to raise Rs 15,000 crore in capital through a qualified institutional placement (QIP) of 54.4 crore equity shares, reported Bloomberg Quint.

SBI drafted in Cyril Amarchand Mangaldas Mumbai partner Gaurav Gupte to assist on the fundraising.

The book running lead managers (Bank of America Corp, Deutsche Bank AG., IIFL, JM Financial, Kotak Institutional Equities, and SBI Capital Markets) are being advised by Shardul Amarchand Mangaldas partner Prashant Gupta in Delhi and partner Monal Mukherjee in Mumbai.

Cyril Amarchand Mangaldas Shardul Amarchand Mangaldas

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303 7 years ago

kya baat Gupte babu

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samcam insider 7 years ago

Job well done Sagar and Mubashshir and Devaki and Akanksha!

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2.1

Merchant banker 7 years ago

Mobashir is companies act applicable to state bank of India?

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Desi Babu 7 years ago

CASA is very high post demonetization and don't know where to utilize, Gupte pe ya Gupta pe!

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Random 7 years ago

Again Kian, very random reporting of capital markets deals. There are so many other capital markets deals in the pipeline - why not report all of the them and the counsels involved in those as well ?

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HushLilBaby, Dont Cha Kwy 7 years ago interesting

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Merchant banker 7 years ago

Random deal? Guessing you are from one of the firms ousted from the transaction (ahem Kco.). This is the biggest QIP in India ever, slated to be biggest in Asia as well, and the second largest equity capital raising in India ever. Unless you are working on a transaction which is bigger than this, really don't see the point. Now go back to the hole you crawled out of.

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MPO 7 years ago

Isnt SBI supposed to be Ashwat star client? First Tata, now SBI. Double trouble for AZB. Good to see CAM leading over AZB.

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Merchant banker 7 years ago

Why don't you ask ashwat why is SBI with Cyril rather Yash. Who did he leave behind?

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CAM, SAM team up for $2.3bn State Bank of India QIP