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Yes Bank on Tuesday said private equity majors Carlyle Group and Advent have picked up 9.99 per cent stake in the bank. The two private equity (PE) funds together would pump in about Rs 8,896 crore in Yes Bank with full conversion of warrants into equity. The bank has allotted a total of 369.61 crore shares of face value Rs 2 each and 255.97 share warrants convertible into equity shares of face value Rs 2 each on a preferential basis to CA Basque Investments, a Carlyle Group entity, and Verventa Holdings Limited, an Advent group entity, Yes Bank said in a regulatory filing. Pursuant to the allotment of the equity shares, the total issued and paid-up share capital of Yes Bank has increased from Rs 5,011.31 to Rs 5,750.54, it said. CA Basque Investments was allotted 184.80 shares with a face value of Rs 2 at an issue price of Rs 13.78 and 127.98 share warrants carrying a right to exercise, get issued and allotted 1 (One) equity share with a face value of Rs 2 for each warrant at a pr
Private equity investments into domestic companies fell 17 per cent to USD 6.72 billion on an annual basis in the June quarter, according to a report. During the same period, the number of Private Equity (PE) deals also declined 15 per cent to 344 compared to the year-ago period. In the year-ago period, the deal value stood at USD 8.13 billion. The deal value declined by 25.1 per cent in the three months ended June compared to the 2022 March quarter when it stood at USD 8.97 billion, deal tracker Refinitiv, a London Stock Exchange group entity, said on Monday. The steep quarterly decline in the deal value was due to a 40 per cent fall in money flows to the startups space. Refinitiv said that PE investments declined 17.3 per cent to USD 6.72 billion in the June quarter from the year-ago period when the country attracted USD 8.13 billion. This was after a strong start in the first quarter. However, the total PE investments in the first six months of the year stood at USD 15.7 billi