Latham & Watkins Advises on US$1.35 Billion QIP by Axis Bank Limited

Latham & Watkins represented the lead managers on the Rs.100,000 million (US$1,354,257,000) Qualified Institutional Placement by Axis Bank Limited with the equity shares listing on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).

The lead managers for the transaction were Axis Capital Limited, BNP Paribas, Credit Suisse Securities (India) Private Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, SBI Capital Markets Limited, UBS Securities India Private Limited, and Yes Securities (India) Limited.

The Latham deal team was led by Singapore partner and India Practice Group Head Rajiv Gupta, supported by Singapore associate Priyanka Mehta. New York based partners Elena Romanova and Gregory Hannibal, and New York associate Ron Moore, provided tax advice. New York based partner Courtenay Lima Myers helped with the regulatory matters.

About Axis Bank Limited:

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of financial services to customer segments covering large and mid-corporates, MSME, Agriculture and Retail Businesses. Based in Mumbai, the bank has over eleven international offices with branches in Singapore, Hong Kong, Dubai and Shanghai that focus on corporate lending, trade finance, syndication, investment banking and liability businesses. 

About Latham’s India Practice:

With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practice’s among international law firms. The multi-award winning practice comprises more than 50 lawyers globally, and the team have advised on India-related matters with a combined value in excess of US$65 billion since 2017.