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%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines