Clifford Chance

Clifford Chance advises on Bandhan Bank's IPO in India

Leading international law firm Clifford Chance advised Kotak Mahindra Capital Company Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, JM Financial Limited, and J.P. Morgan India Private Limited on the international law aspects of Bandhan Bank Limited's US$687 million (₹44,730.19 million) initial public offering on the Bombay Stock Exchange and the National Stock Exchange of India Limited.

With this transaction, the firm has now advised on three of the most prominent banking sector deals in India over the past 12 months. The other deals are the US$901 million qualified institutions placement of Kotak Mahindra Bank - the second-largest ever Indian qualified institutions placement, and on the US$386 million qualified institutional placement of Federal Bank Limited.

Partner Rahul Guptan commented, “We are very pleased to contribute to the Indian growth story by assisting our financial services clients to access capital.” 

Rahul led on the deal and was supported by partner Johannes Juette, senior associate Jonathan Crandall and associate Joshua Damm, with New York partner Avrohom Gelber providing US tax advice.