Dentons Link Legal advised IDBI Capital Markets & Securities Limited, BNP Paribas, DAM Capital Advisors Limited, IIFL Securities Limited, Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited), SBI Capital Markets Limited and BOI Merchant Bankers Limited, being the Book Running Lead Managers, in relation to Qualified Institutions Placement of equity shares by Bank of India of 44,91,01,796 Equity Shares of face value Rs. 10 each at the issue price of Rs. 100.20 per Equity Share (including a premium of Rs. 90.20 per Equity Share), aggregating up to Rs. 4500 Crores. The issue was oversubscribed by 4.11 times. Bank of India is one of the largest public sector banks in India.
The placement document was filed with the stock exchanges, i.e., BSE Limited and the National Stock Exchange of India.
The deal team comprised Shailender Sharma (Associate Partner), Kunal Mehta (Senior Associate) and Aashna Batra (Associate), headed by Milind Jha (Partner).
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