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
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
Update 19:23: Argus Partners represented HDFC Limited, the (joint) largest of the private sector investors, led by
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
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Kya Bhai much bhi likhta hain
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