Private equity group Advent International is evaluating a 75 billion rupee ($1.00 billion) investment in India's Yes Bank to further capitalise it, the Economic Times daily reported on Friday, sending shares of the private-sector lender by up to 3%.
The logo of Yes Bank is pictured on the facade of its headquarters in Mumbai, India January 17, 2018. Picture taken January 17, 2018. REUTERS/Danish SiddiquiBENGALURU, Feb 4 - Private equity group Advent International is evaluating a 75 billion rupee investment in India's Yes Bank
to further capitalise it, the Economic Times daily reported on Friday, sending shares of the private-sector lender by up to 3%.A 10% stake in the bank would be valued at 33.64 billion rupees, the report said, adding that the proposed investment could be through a preferential allotment.The talks are ongoing and may collapse if the share price surges or if there is any regulatory roadblock, the report said.
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