Dentons Link Legal advised IDBI Capital Markets & Securities Limited, IIFL Securities Limited, Nuvama Wealth Management Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited, Emkay Global Financial Services Limited, BNP Paribas, Elara Capital (India) Private Limited, HSBC Securities and Capital Markets (India) Private Limited and PNB Investment Services Limited, being Book Running Lead Managers, in relation to the qualified institutions placement of equity shares by Punjab National Bank of 48,19,27,710 equity shares of face value ₹ 2 each at a price of ₹ 103.75 per equity share, including a premium of ₹ 101.75 per equity share, aggregating up to ₹ 5,000.00 crore.

The deal team comprised of Shailender Sharma (Partner), Aashna Batra (Senior Associate), Kunal Mehta (Senior Associate), Tamilarasi Mudaliar (Senior Associate), Shubham Kumar (Associate), Tanvi Shinde (Associate), Atrayei Ghosh (Associate) and Nandita Goyal (Associate), headed by Milind Jha (Partner).

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