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YES Bank in final stages of closing $1 billion fundraiser from Carlyle, Advent post ARC deal

YES Bank in final stages of closing $1 billion fundraiser from Carlyle, Advent post ARC deal

Jul 18, 2022, at 11:50 pm

Mumbai: YES Bank is in the final stages of closing $1 billion equity fundraiser from private equity firms Carlyle and Advent International after it said it has selected an asset reconstruction company belonging to private equity firm JC Flowers as the base bidder for the sale of bad loans worth Rs 48,000 crore ($6.01 billion), media reports said.

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