AT1 bond setback: Carlyle, Advent supportive, says YES Bank MD & CEO

The stock tanks 8.33% following Bombay HC order and weak Q3 showing

Private equity (PE) majors -- Carlyle Group and Advent International -- which picked up a 9.99 per cent stake each in YES Bank are “fully supportive” of the lender and there are no downside risks in terms of them exercising their warrant option, Prashant Kumar, MD & CEO, YES Bank, told a news channel on Monday.

YES Bank’s share price tumbled 12.37 per cent in intraday trade before closing 8.33 per cent lower on Monday in an otherwise firm market on the back of heavy volumes because of weak December quarter (Q3FY23) results, and the Bombay High Court’s decision to