Khaitan & Co advised Karnataka Bank in relation to its rights issue for approximately $97m.
Karnataka Bank is a major banking institution based in the coastal city of Mangaluru in Karnataka, India. It is designated as an A1+-class scheduled commercial bank by the Reserve Bank of India.
The core transaction team included Sudhir Bassi (executive director), Madhur Kohli (associate partner), Chirayu Chandani (senior associate), Adrija Jayanthy (associate) with assistance from Nisarg Shah (associate) and Rohan Harne (associate).
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