Kotak Mahindra Bank raised US$993 million through a qualified institutional placement (QIP) of equity shares. AZB & Partners advised Kotak Mahindra Bank and the team included partners Ashwath Rau, Varoon Chandra, Kashish Bhatia and Richa Choudhary.
Clifford Chance was international legal counsel, with partner Rahul Guptan leading the deal, supported by partner Johannes Juette and senior associate Shashwat Tewary. S&R Associates represented Kotak Mahindra Capital, Goldman Sachs (India) Securities, Morgan Stanley India and SBI Capital Markets, which advised the bank on the QIP. The S&R team included partners Sandip Bhagat and Jabarati Chandra.