Dhanlaxmi Bank Limited has raised Rs. 70 crore ($13 million) through issuance of equity shares, by way of a qualified institutional placement (QIP).
ICICI Securities Limited and Motilal Oswal Investment Advisors Private Limited were the Book Running Lead Managers (BRLM) to the Issue.
Luthra & Luthra Law offices advised both the Bank and BRLMs. Luthra team was led by Partner Manan Lahoty along with Senior Associate Ravi Dubey and Associates Aditi Venkatasubra