Khaitan & Co advised Kotak Mahindra Bank (Arranger) on various aspects of the debut issue of non-convertible, redeemable, unsecured, Basel III Compliant, Tier 2 bonds in the nature of debentures aggregating to a total issue size of INR500 crores by Jammu & Kashmir Bank Limited (J & K Bank) on a private placement basis through e-bidding mechanism for augmenting Tier II Capital.
Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai. J&K Bank functions as a universal bank in Jammu & Kashmir and as a specialised bank in the rest of the country.
Manisha Shroff (Partner), Vaibhav Mittal (Principal Associate), Rolwine Alva (Senior Associate) and Dhwani Shah (Associate) represented the client on the transaction.
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