PE firm Advent eyeing $1 bln investment in India's Yes Bank - Economic Times

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker