"Emirates NBD's Landmark Equity Fund Raise in Indian Banking Sector: JSA Advises on $3 Billion Transaction"

"Emirates NBD Bank is making an open offer to public shareholders of RBL Bank Limited, with JSA Advocates & Solicitors advising J.P. Morgan as the offer manager. The transaction includes a preferential issue of up to USD 3 billion and an open offer of USD 1.3 billion, marking the largest equity fundraise in the Indian banking sector and the largest preferential issue by a listed entity."

JSA Advocates & Solicitors advised J.P. Morgan, acting as the manager to the open offer, in the transaction involving Emirates NBD Bank (P.J.S.C.) making an open offer to the public shareholders of RBL Bank Limited. Additionally, SAM and AZB advised Emirates NBD Bank in its acquisition of a 60% stake in RBL Bank. The transaction is a landmark deal in the Indian banking sector, being the largest equity fund raise in the sector and the largest fund raise via preferential issue by a listed entity. It involves a preferential issue by RBL Bank for an amount not exceeding approximately USD 3 billion, alongside an open offer size of approximately USD 1.3 billion. The transaction was led by Anand Lakra, Partner at JSA Advocates & Solicitors, with support from Ami Shah, Principal Associate, and Associates Janhavi Jagtap and Viraja Shah.

"Emirates NBD's Landmark Equity Fund Raise in Indian Banking Sector: JSA Advises on $3 Billion Transaction"

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