Avendus Capital Advises Karnataka Bank on its INR 600 cг OIP

It was a pleasure working with Avendus Capital for our latest funding round. Avendus’ strategic approach to targeting relevant investors was instrumental in adding quality names to our cap table. Avendus helped in creating the necessary demand and achieve a superior outcome. We appreciate their guidance and confidence to launch the deal amidst volatile markets and taking up a prominent role, demonstrating good judgement of capital markets.

We are extremely delighted to have partnered with Karnataka Bank on this fund raise. Their growth strategy, led by the new management, was well appreciated by incoming investors on multiple fronts. We are grateful to have been chosen for this opportunity, coinciding with the celebration of the trust the bank has built over the last 100 years.

Karnataka Bank is charting a transformational journey led by the new management across multiple areas – new products, underwriting processes and multiple initiatives on the liabilities and partnerships front. It gives us great pleasure to be associated with the bank's growth journey in its centenary year.