Federal Bank has raised ₹30,400 million (USD 369.60 million) pursuant to the QIP from institutional investors including Axis Capital Limited, BofA Securities India Limited, JP Morgan India Private Limited, and Kotak Mahindra Capital Company Limited (Placement Agents)

Cyril Amarchand Mangaldas advised Federal Bank Limited on matters pertaining to Indian Law.

The transaction team was led by Reuben Chacko, Partner & Regional Co-head Markets Practice (Southern Region); with support from Satakshi Sharma, Senior Associates - Designate; Neha Sahgal, Associate; Vartika Bhatnagar, Associate; Priyanka Khetwal, Associate and Aarushi Jain, Associate.

IndusLaw advised and represented the Placement Agents on the deal.

The team was led by Abhiroop Lahiri (Partner) and comprised Anshul Roy (Principal Associate), Ayushi Tiwari, Harita Putrevu, Kshitij Asthana, Afif Khan and Anuj Kumar Gupta (Associates)

White and Case Pte Ltd acted as the International Legal Counsel to Axis Capital Limited, BofA Securities India Limited, JP Morgan India Private Limited, Kotak Mahindra Capital Company Limited, being the Placement Agents.

Federal Bank is a leading listed private sector bank in India, with a history spanning over nine decades.