Carlyle, Advent commit $1.1b to India's Yes Bank
The Carlyle Group and Advent International have together invested USD 1.1bn in India’s Yes Bank, acquiring equity shares and warrants that could enable them to own up to 20% of the lender.
The investment comprises INR 51bn (USD 640m) in equity shares and INR 38bn in equity share warrants, with the latter to be converted within 18 months of April 2023. Each private equity firm will purchase...
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