Khaitan & Co. Advises State Bank of India

Khaitan & Co advised State Bank of India as the issuer's counsel in relation to the issue of non-convertible, taxable, redeemable, subordinated, unsecured, fully paid-up, BASEL III compliant Additional Tier 1 bonds in the nature of debentures with a base issue size of INR 2,000 crores and a green shoe option of up to INR 3,000 crores, on private placement basis, for an amount aggregating to INR 5,000 crores.

The core team consisted of Manisha Shroff (Partner), Akhil Tiwari (Senior Associate), Nikunj Mehta (Associate), Chhavishree Somani (Associate) and Rishabh Kumar (Associate).