RBI conditional approval to Carlyle, Advent's stake buy in YES Bank

The fund-raising would be conducted through a combination of $640 million (Rs 5,100 crore) in equity shares and $475 million (Rs 3,800 crore) through equity share warrants, YES Bank had said

The Reserve Bank of India (RBI) has issued conditional approval to funds affiliated to global private equity investors Carlyle and Advent International with regard to the planned acquisition by each of them of 9.99 per cent of share capital of YES Bank.
 

“We hereby inform you that vide separate letters date November 30, 2022, the Reserve Bank of India (RBI) has issued a conditional approval to each Investor with respect to the proposed acquisition by each of them of up to 9.99 per cent of paid-up share capital of the bank through subscription to equity shares and share warrants of