Business »  Topic »  Share sale: Yes Bank taps PEs for capital; deal likely in July

Share sale: Yes Bank taps PEs for capital; deal likely in July


Financial institutions that had picked up stakes in Yes Bank in March to prevent the Yes Bank from collapsing and, thereby, causing a systemic crisis, are unlikely to bring in more capital in the next round of capital-raising.

Yes Bank is in advanced talks with a clutch of domestic and international private equity (PE) funds, who are expected to acquire stakes in the lender and a deal is likely to be locked by mid-July, people aware of the development told FE. The lender plans to raise Rs 15,000-crore capital through share sale, ADRs, GDRs and bonds to meet its ...


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