YES Bank jumps 6% as Carlyle, Advent International to infuse $1.1 billion

Consequent to the capital infusion, YES bank's CET-1 ratio (based on FY2022) would improve by 380bps to 15.4 per cent and total capital adequacy ratio would improve to 21 per cent

Shares of YES Bank surged 6 per cent to Rs 15.8 apiece on the BSE on Monday as the lender's Board decided to sell up to 10 per cent stake to US private equity firms Carlyle Group Inc and Advent International for $1.1 billion. 

At 9:35 AM, shares of YES Bank were up 2.7 per cent as against 0.3 per cent gain in the benchmark S&P BSE Sensex. A combined 86.92 million shares had changed hands on the NSE and BSE till the time of writing of this report.

"YES Bank will raise the funds through a combination of about