Khaitan & Co advised DCB Bank Limited in relation to private placement of non-convertible, redeemable, unsecured, Basel III compliant tier 2 bonds, for inclusion in tier 2 capital of the bank aggregating to a total issue size of $46.4m. DCB Bank Ltd is a private sector scheduled commercial bank in India.

Nikhilesh Panchal (Partner) and Vaibhav Mittal (Counsel) and Aayush Mohata (Senior Associate) represented the client on the transaction.