Dentons Link Legal advised IIFL Securities, Axis Capital, Emkay Global, ICICI Securities, JM Financial, SBI Capital Markets on Indian Bank’s QIP
The document was filed with the Bombay Stock Exchange and the National Stock Exchange
By : Legal Era
Update: 2024-01-09 06:00 GMT
Dentons Link Legal advised IIFL Securities, Axis Capital, Emkay Global, ICICI Securities, JM Financial, SBI Capital Markets on Indian Bank’s QIP
The document was filed with the Bombay Stock Exchange and the National Stock Exchange
Dentons Link Legal has advised IIFL Securities Limited, Axis Capital Limited, Emkay Global Financial Services Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited, the Book Running Lead Managers, concerning the Qualified Institutions Placement (QIP) undertaken by Indian Bank.
Through the placement, the Indian Bank issued and allotted 10,15,22,842 equity shares at an issue price of Rs.394 per equity share (including a premium of Rs.384 per equity share), for raising an aggregate capital of Rs.4,000 crores.
The document was filed with the Bombay Stock Exchange (BSE) Limited and the National Stock Exchange (NSE) of India Limited.
The deal team was headed by Milind Jha (Partner) and supported by Shailender Sharma (Associate Partner), Tamilarasi A Mudaliar (Senior Associate), Rohan Aerande (Associate), Diksha Chawla (Associate), and Karishma Singh (Associate)