Global PE investors Advent, Carlyle to invest Rs 8,900 cr in YES Bank

The fund-raising plan is subject to shareholder approval at the extraordinary general meeting, to be held on August 24

Private lender YES Bank on Friday announced raising equity capital worth $1.1 billion (Rs 8,900 crore) through funds affiliated to global private equity investors Carlyle and Advent International. Each investor will potentially acquire up to 10 per cent, YES Bank said in a filing.

“This will be raised 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 said.

On Friday, YES Bank shares closed at Rs 14.94, up 2.47 per cent from its previous close on the BSE.

“The capital raise will further bolster the capital adequacy of