Leading international law firm Clifford Chance has advised Kotak Mahindra Capital Company Limited, Goldman Sachs India, Morgan Stanley India and SBI Capital Markets on Kotak Mahindra Bank’s US$993 million qualified institutional placement of equity shares.
Partner Rahul Guptan led on the deal and was supported by partner Johannes Juette, senior associate Shashwat Tewary, trainee solicitor Mehjabin Ahmed and legal executive Daniel Dedo.
Rahul said, “We were very pleased to advise our clients on this landmark fund raise by Kotak Bank and help navigate the process during uncertain market circumstances. We expect to see more companies looking to bolster balance sheets and raise funds in order to tap into opportunities.”
Johannes added, “Our US Capital Markets capabilities for India-based deals has demonstrated its strength with another unique and strategic transaction for our clients. Our BFSI experience in India is further enhanced with this deal for Kotak Bank.”
Kotak Mahindra Bank is one of India’s leading private sector banks, headquartered in Mumbai. Clifford Chance advised the lead managers on Kotak Mahindra Bank’s previous qualified institutional placement in 2017.
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