Shardul Amarchand Mangaldas& Co acted as the domestic legal counsel to Yes Bank as to Indian law in relation to the Qualified Institutions Placement (QIP) of its equity shares. The Rs. 4,906 Cr. issue was the largest ever private sector QIP from India in rupee terms (Source: Financeasia, March 24, 2017), and was the largest QIP on BSE and NSE for the year 2016–17 (Source: BSE Limited and National Stock Exchange of India Limited).

The Capital Markets Team of Shardul Amarchand Mangaldas was led by Prashant Gupta, Partner, National Practice Head – Capital Markets; and included Monal Mukherjee, Partner; Mathew Thomas, Senior Associate; Shruti Sarkar, Associate and Oishika Dasgupta, Associate. They were assisted by Sagarnil Banerjee, Senior Associate Designate; IshitaKashyap, Associate and Monic Pipalia, Associate.

As a part of the transaction, QIP of equity shares of face value of Rs. 10 each by YES Bank was executed under Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI ICDR Regulations”) and Section 42 of the Companies Act, 2013 and the rules made thereunder.