Dentons Link Legal Advised On Indian Overseas Bank’s Qualified Institutions Placement

Dentons Link Legal Advised On Indian Overseas Bank’s Qualified Institutions Placement

Dentons Link Legal Advised IDBI Capital Markets & Securities Limited, Systematix Corporate Services Limited, Elara Capital (India) Private Limited, and Emkay Global Financial Services Limited, the Book Running Lead Managers, in relation to Qualified Institutions Placement. Through this placement, Indian Overseas Bank issued and allotted 354,177,539 Equity Shares of face value ₹ 10 each at an issue price of ₹ 40.57 per Equity Share (including a premium of ₹ 30.57 per Equity Share), aggregating up to ₹ 14,368.98 million.

The placement document was filed with the stock exchanges, i.e., BSE Limited and the National Stock Exchange of India Limited.

The Dentons Link Legal team was led by Milind Jha (Partner), with support from Shailender Sharma (Partner), Kunal Mehta (Senior Associate), Aashna Batra (Senior Associate), Diksha Chawla (Associate), Atrayei Ghosh (Associate), Anmay Agarwal (Associate), Sakshi Mangal (Associate), Taksh Khanna (Associate), and Kartikeya Tyagi (Associate).

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