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PE firms Carlyle Group & Advent buy 9.99% stake in Yes Bank
short by Ambarish Awale / on Wednesday, 14 December, 2022
Yes Bank said private equity firms Carlyle Group and Advent have picked up 9.99% stake in the bank. The two PE funds will inject approximately ₹8,896 crore into Yes Bank with full conversion of warrants into equity. The bank has allotted a total of 369.61 crore shares of face value ₹2 each.
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