Karnataka Bank has raised ₹800 crore by way of a preferential issue from five institutional investors, HDFC Life Insurance, Quant Mutual Fund, Bajaj Allianz General Insurance, Bajaj Allianz Life Insurance and Bharti Axa Life Insurance.
JSA advised Karnataka Bank on this fundraise.
The transaction team was led by Partner Anand Lakra. The team of Associates included Ami Shah, Dhruval Sheth and Diya Dave.
Karnataka Bank Limited, is a leading 'A' Class Scheduled Commercial Bank in India, and was incorporated on February 18th, 1924 at Mangaluru. With over 9 decades of experience, the Bank now has a national presence with a network of 903 branches spread across 22 states and 2 Union Territories and is a leading financial service institution in India..
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