Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 24-06-2014 | Practice Area: | Equity Capital Markets |
| Deal Title: | Yes Bank - Qualified Institutions Placement | Industry: | Banks |
| Description: |
Allen and Overy has advised the book running lead managers on Yes Bank's Rs. 29,420.75 million (approximately USD500m) Qualified Institutions Placement (QIP) of shares to fund the bank's future expansion.
The transaction involved a private placement of shares into the U.S. under Section 4(a)(2) of the U.S. Securities Act of 1933 (Securities Act) and an offering outside the U.S. in reliance on Regulation S of the Securities Act. This is one of the first transactions in India where the offer document included the new disclosures requirements specified under the Form PAS-4 prescribed under the Indian Companies (Prospectus and Allotment of Securities) Rules, 2014.
Partner Amit Singh led the Allen and Overy team (which advised on the U.S. aspects of the transaction) from Hong Kong with support from associates Garrick Merlo, Emily Dong and Julie Song.
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| Financial Center: | Hong Kong | Value: | 100.01-500.00 |
| Advised Party: | Lead Manager | Law Firm | Allen & Overy |
| Issuer Jurisdiction - | India | Listing Jurisdiction - | United States |
| Classification: |
Secondary Offerings and Placings |
Lawyer | Amit Singh |
