ALMT Legal leads on State Bank of Mysore IPP

Pallavi Saluja June 14 2013

ALMT Legal advised on State Bank of Mysore’s (SBM) Rs. 66.14 crore ($11.5 million) institutional placement programme (IPP).

The IPP was done to increase the public shareholding to 10% as mandated by the Securities and Exchange Board of India for PSUs.

The ALMT team was led by Bangalore Partners Dhanya Menon and Rajat Bopaiah along with Senior Associate Arita Chatterjee and Associate Vidya KS.

SBM had offered 12,13,630 shares (face value Rs . . .

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