ICICI Bank QIP raises ‘record’ US$2bn

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ICICI Bank qualified institutional placement AZB & Partners Cyril Amarchand Mangaldas Davis Polk Wardwell
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AZB & Partners advised ICICI Bank when it recently raised ₹150 billion (US$2 billion) through a qualified institutional placement (QIP) of almost 419 million shares. Davis Polk Wardwell was international legal adviser to the 18 bookrunning lead managers, and Cyril Amarchand Mangaldas (CAM) was domestic legal adviser.

AZB & Partners’ team comprised partners Varoon Chandra and Agnik Bhattacharyya, and senior associates Rahul Aggarwal and Shivali Singh.

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