CAM acted for the investors propping up the bank, advised by AZB; Yes had been in intensive care since the Reserve Bank of India (RBI) had put the company on a moratorium on 5 March, which is now set to end in three days following the resolution.

AZB & Partners advised Yes Bank Limited (“Bank”) led by a team of partners Varoon Chandra, Rinki Ganguli, Anand Shah, Hufriz Wadia, Nikunj Maheshwari, and senior associates Shivanand Nayak and Palak Khandelwal.

Cyril Amarchand Mangaldas acted for the lead investor, State Bank of India (SBI) and SBI Capital,, which headed up the syndicate of lenders, led by managing partner Cyril Shroff, and partners L Viswanathan, Ruetveij Pandya and Gautam Gandotra.

Update 19:23: Argus Partners represented HDFC Limited, the (joint) largest of the private sector investors, led by managing partner Krishnava Dutt partner Adity Chaudhury and associates Ashish Patel and Kshitija Naik.

Deal value: Rs 100bn / $1.317 Billion

The government has notified the reconstruction scheme for capital-starved Yes Bank. The restrictions on withdrawals from its accounts up to ₹50,000 will be lifted in “three working days,” the Finance Ministry said in a notification.

— Mint

Private sector lender Bandhan Bank on Saturday said it will invest ₹300 crore in Yes Bank under the bank’s reconstruction scheme, taking the total investment proposal to ₹10,650 crore…

According to the proposal, SBI will infuse ₹7,250 crore in Yes Bank, HDFC Ltd and ICICI Bank Ltd will infuse ₹1,000 crore each, Axis Bank will infuse ₹600 crore and Kotak Mahindra Bank Ltd will infuse ₹500 crore.— Mint