By Monika Singh | 30 Jul, 2022
Carlyle, Advent to invest Dollar 1.1 billion in Yes Bank
The Yes Bank’s board on Friday approved a proposal to sell a 20% stake in the bank for Rs 8,898.47 crore, or approximately $1.1 billion, to private equity (PE) players Carlyle Group and Advent International.The development gains significance in light of the fact that the lock-in period for the private lender’s current investors, led by State Bank of India (SBI), comes to an end in March 2023. ...
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