Shardul Amarchand Mangaldas & Co. Advises Yes Bank in Relation to Rs. 4906 Cr. QIP

Shardul Amarchand Mangaldas & Co. (SAM & Co.) acted as the domestic legal counsel to Yes Bank as to Indian law in relation to the Qualified Institutions Placement (QIP) of its equity shares. The Rs. 4,906 Cr. issue was the largest ever private sector QIP from India in rupee terms (Source: FinanceAsia, March 24, 2017) and was the largest QIP on BSE and NSE for the year 2016-17 (Source: BSE Limited and National Stock Exchange of India Limited).

The Capital Markets Team of Shardul Amarchand Mangaldas was led by Mr. Prashant Gupta, Partner, National Practice Head - Capital Markets; and included Ms. Monal Mukherjee, Partner; Mr. Mathew Thomas, Senior Associate; Ms. Shruti Sarkar, Associate and Ms. Oishika Dasgupta, Associate. They were assisted by Mr. Sagarnil Banerjee, Senior Associate Designate; Ishita Kashyap, Associate and Mr. Monic Pipalia, Associate.

As a part of the transaction, QIP of equity shares of face value of Rs. 10 each by YES Bank was executed under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI ICDR Regulations”) and Section 42 of the Companies Act, 2013 and the rules made thereunder.

The Issue opened on March 23, 2017 and closed on closed on March 29, 2017. The Equity Shares were allotted on March 31, 2017. The Preliminary Placement Document was filed with BSE Limited and National Stock Exchange of India Limited on March 23, 2017 and the Placement Document was filed with the Stock Exchanges on March 29, 2017.

Other advisors to the transaction were Luthra & Luthra Law Offices (acted as the domestic legal counsel to the BRLMs as to Indian law.) and Allen &Overy (acted as the international legal counsel to the BRLMs as to U.S. Law.)

About Shardul Amarchand Mangaldas & Co.

Established again in 2015, Shardul Amarchand Mangaldas & Co., is one of India’s leading law firms rated by international organisations, law directories and professional journals. As a full service law firm, Shardul Amarchand Mangaldas is renowned in the business community for its ability to enable business, its innovative solutions, responsiveness and collaboration with its clients. The Firm continues its journey as “a young and wise firm” in its “Centenary Year of Excellence”.

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