IFLR1000

Bank of Baroda $622 million QIP

3/3/2021
Qualified institutional placement (QIP)
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Re 45 billion

$ 622 million

Completed

3/3/2021

Overview:

  • State-owned Bank of Baroda has raised Rs45 billion/$622 million in equity capital through a qualified institutional placement.
  • This deal marks India's largest QIP this year.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Qualified institutional placement (QIP)

Practice area:

Capital markets

Industry sector:

Banking

Firms:
Khaitan & Co

Party: Bank of Baroda (Issuer)

Lawyers: Madhur Kohli, Sudhir Bassi

Trilegal

Party: ICICI Securities (Book running lead manager)

Party: Axis Capital (Book running lead manager)

Party: SBI Capital Markets (Book running lead manager)

Party: BNP Paribas (Book running lead manager)

Party: BOB Capital Markets (Book running lead manager)

Party: HSBC Securities (Book running lead manager)

Party: JM Financial (Book running lead manager)

Lawyer: Bhakta Patnaik

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