Khaitan & Co acted as the domestic legal counsel to the issue in relation to The Lakshmi Vilas Bank Limited’s rights issue of 6,39,87,006 equity shares aggregating to USD 123 million approximately. Sudhir Bassi (Executive Director), Gautham Srinivas (Partner), Chirayu Chandani (Principal Associate) and Sathvik Ponnappa(Associate) represented the client on transaction. The Lakshmi Vilas Bank Limited provides various banking products and services in India. It operates through Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations segments.