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).
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