Last Updated: July 29, 2022, 19:51 IST
Yes Bank’s board determined to situation over 369.61 crore fairness shares and 256.75 crore warrants.
The determination follows exit of the lender from the ‘Yes Bank Ltd Reconstruction Scheme, 2020’ final month
Private sector lender Yes Bank on Friday authorized sale of securities price Rs 8,898 crore to international personal fairness gamers Carlyle and Advent teams. The determination follows exit of the lender from the ‘Yes Bank Ltd Reconstruction Scheme, 2020’ final month.
At its assembly on Friday, the financial institution’s board determined to situation over 369.61 crore fairness shares and 256.75 crore warrants. These securities can be issued on a preferential foundation for a complete consideration of Rs 8,898.47 crore, in accordance to a regulatory submitting. The shares can be supplied at Rs 13.78 apiece whereas the warrants exchangeable into fairness shares are to be issued at Rs 14.82 per piece. The face worth of those shares is Rs 2 apiece.
CA Basque Investments, a part of the Carlyle Group, and Verventa Holdings, an affiliate of funds managed by Advent, can be supplied little over 184.80 crore shares every at a value of Rs 13.78 apiece. Likewise, they are going to get greater than 128.37 crore warrants every at a value of Rs 14.82.
The proposed sale of securities to the 2 entities is topic to regulatory approvals, together with from the Reserve Bank of India (RBI) and the Competition Commission of India (CCI). Shares of Yes Bank closed 2.47 per cent greater at Rs 14.94 apiece on BSE.
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