 "YES Bank")
The process to find investors for setting up an asset reconstruction company by Yes Bank enters the last stage with the deadline for submitting bids ending on Friday.
The private sector lender is planning to set up an asset reconstruction company to transfer its entire stressed pool of loans of Rs 50,000 crore so that its nonperforming assets become zero.
Among the investors submitted bids, three to four private equity players are expected to make it to the shortlist. These are JC Flowers and Company, Oaktree Capital, Cerberus Capital, and Apollo Global Management.
In the post earnings call with the
