{"id":48012,"date":"2025-04-28T13:14:36","date_gmt":"2025-04-28T13:14:36","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=48012"},"modified":"2025-04-28T13:14:36","modified_gmt":"2025-04-28T13:14:36","slug":"saraf-and-partners-advised-indian-overseas-bank-in-its-qip-of-equity-shares-aggregating-to-inr-14368-98-million","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/saraf-and-partners-advised-indian-overseas-bank-in-its-qip-of-equity-shares-aggregating-to-inr-14368-98-million\/","title":{"rendered":"Saraf and Partners advised Indian Overseas Bank in its QIP of equity shares aggregating to INR 14,368.98 million."},"content":{"rendered":"<p><strong><a href=\"https:\/\/www.linkedin.com\/company\/saraf-and-partners\/\">Saraf and Partners<\/a> advised Indian Overseas Bank (\u201cIOB\u201d) in its qualified institutional placement (\u201cQIP\u201d) of equity shares aggregating to INR 14,368.98 million.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>IOB offers a wide range of banking products and services to meet the needs of customers, including both resident and non-resident Indians. The proceeds of the QIP are proposed to be used towards augmentation of Bank\u2019s Tier-I capital base to meet Bank\u2019s future capital requirements and to support growth plans and to enhance the business of the Bank. <a href=\"https:\/\/www.linkedin.com\/company\/idbi-capital\/\">IDBI Capital Markets &amp; Securities Ltd.<\/a>, <a href=\"https:\/\/www.linkedin.com\/company\/systematix-corporate-services-ltd\/\">Systematix Corporate Services Ltd<\/a>, <a href=\"https:\/\/www.linkedin.com\/company\/elara-capital\/\">Elara Capital<\/a> (India) Private Limited and <a href=\"https:\/\/www.linkedin.com\/company\/emkayglobal\/\">Emkay Global Financial Services Ltd<\/a> acted as placement agents on the QIP.<\/p>\n<p>Our transaction team was led by Partner, <a href=\"https:\/\/www.linkedin.com\/in\/mathew-thomas-8b149017\/\">Mathew Thomas<\/a>.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-48012","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/48012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=48012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}