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Global PE investors Carlyle, Advent to pick up 10% stake each in YES Bank

Yes Bank to cumulatively issue 3.69 billion equity shares at a price of Rs 13.78 per share to both investors; each investor will potentially acquire up to a 10% stake in the lender

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BS Web Team New Delhi
Yes Bank on Friday announced raising of equity capital of Rs 8,900 crore from funds affiliated with two global private equity investors, Carlyle and Advent International, with each investor potentially acquiring up to a 10% stake in the lender. This will be raised from funds affiliated with Carlyle and Advent International, CA Basque and Verventa Holdings respectively, through a combination of Rs 5,100 crore in equity shares and Rs 3,800 crore through equity share warrants.

The capital raise is subject to shareholders’ approval at the EGM of the Bank to be held on August 24, 2022 and relevant regulatory /
Topics : YES Bank