01 Apr 2024


Trilegal represented the book running lead managers, Ambit Private Limited and Avendus Capital Private Limited, on the qualified institutions placement (QIP) of equity shares by Karnataka Bank Limited (Bank) aggregating to INR 6000 million.
This is the first QIP of the Bank in its 100 years of history. The proceeds of the QIP will be utilized by the Bank to maintain the minimum capital requirements prescribed by the RBI and to increase its capacity to lend.
The deal was led by our Capital Markets Partners Bhakta Patnaik and Albin George Thomas and supported by attorneys Arjun Rastogi and Malika Grewal, Senior Associates; Arsh Sinha, Divya Shah, and Shambhavi Sharma, Associates.
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About Trilegal
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020.
For more information, please contact:
Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com
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