PRESS RELEASE
3 April 2024

IndusLaw Deal Report | The South Indian Bank - Rights Issue

I
CMS INDUSLAW

Contributor

CMS INDUSLAW is a top-tier full-service law firm and the 7th largest in India* with offices in Bengaluru, Chennai, Delhi, Gurugram, Hyderabad and Mumbai, which give it a pan-India presence. With more than 400 lawyers committed to client service, CMS INDUSLAW advises clients globally on Indian law. CMS INDUSLAW supports its clients’ transactional goals, business strategies and regulatory and dispute resolution needs. The CMS INDUSLAW team collaborates across practice areas, sectors and locations, navigating legal complexities and resolving legal issues efficiently for its clients.
Our Firm advised The South Indian Bank Limited (“the Bank”) and the lead manager on the rights issue of equity shares by the Bank, aggregating to INR 11,510 million/ USD 138 million.
India

Our Firm advised The South Indian Bank Limited ("the Bank") and the lead manager on the rights issue of equity shares by the Bank, aggregating to INR 11,510 million/ USD 138 million.

The South Indian Bank Limited is a listed, scheduled commercial bank, with a network of 948 branches across 26 states and four union territories across India.

IIFL Securities was the lead manager to the rights issue.

Deal amount: INR 11,510 million / USD 138 million

INDUSLAW Team:

Ravi Dubey (Partner), Manshoor Nazki (Partner), Anshul Roy (Partner), Radhika Pandey (Senior Associate), Medhashree Verma (Associate), Bhaskar Kumar (Associate), Megha Rajesh (Associate), Nimisha Sharma (Associate), Rukman Banka (Associate) and Esha Gupta (Associate).

Contributor

CMS INDUSLAW is a top-tier full-service law firm and the 7th largest in India* with offices in Bengaluru, Chennai, Delhi, Gurugram, Hyderabad and Mumbai, which give it a pan-India presence. With more than 400 lawyers committed to client service, CMS INDUSLAW advises clients globally on Indian law. CMS INDUSLAW supports its clients’ transactional goals, business strategies and regulatory and dispute resolution needs. The CMS INDUSLAW team collaborates across practice areas, sectors and locations, navigating legal complexities and resolving legal issues efficiently for its clients.

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