RBL Bank Limited’s Shares Placement

Khaitan & Co advised RBL Bank Limited on the deal.

RBL Bank Limited did a qualified institutions placement of equity shares aggregating to INR 20,252.70 million (approx. US$281.17 million).

RBL Bank Limited operates as a commercial bank. The Company offers banking products and services such as savings accounts, fixed deposits, personal and business loans, debit and credit cards, insurance, investment management, and mobile banking.

IIFL Securities Limited, ICICI Securities Limited, and IDFC Securities Limited acted as Global Co-ordinators and Book Running Lead Managers in the deal.

The Khaitan & Co team was composed by Executive Director Sudhir Bassi (Picture), Madhur Kohli (Partner), Oishik Bagchi (Principal Associate), Raghav Bhatia (Associate), Drishti Barar (Associate) and Shalina Abhale (Associate) with assistance from Devarshi Mukhopadhyay (Associate) represented the client on the transaction.

Involved fees earner: Shalina Abhale – Khaitan & Co.; Oishik Bagchi – Khaitan & Co.; Drishti Barar – Khaitan & Co.; Sudhir Bassi – Khaitan & Co.; Raghav Bhatia – Khaitan & Co.; Madhur Kohli – Khaitan & Co.; Devarshi Mukhopadhyay – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: RBL Bank Limited;

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Author: Michael Patrini