The two private equity investors will infuse Rs 8,898.4 crore after immediate capital and conversion of warrants, the bank said in a stock exchange disclosure.
The central bank approved it on Wednesday.
“The investors and the bank will engage with RBI for early resolution of the conditions for obtaining final approval on the matter,” the bank informed the exchange. It added that investors are ‘assessing the circumstances’. The lender did not disclose the conditions imposed by the banking regulator.
ET had first reported on February 4 and March 4 that Advent and Carlyle were in discussions with Yes Bank for a possible investment of $1 billion.
The Rs 8,898 crore investment by Carlyle and Advent will be in two parts. Each investor will first receive 1,848 million shares, or 5.9% equity, of Yes Bank at Rs 13.78 per share, with a face value of Rs 2. months.
On November 28, the bank had informed the exchange that it has entered into a share purchase agreement with JC Flowers ARC and Amso Asset Management to acquire 19.9% ​​stake in JC Flowers ARC. The bank had passed a resolution to sell stressed loans worth Rs 48,000 crore to JC Flowers ARC.
Rana Kapoor founded Yes Bank, which was bailed out by the bank state Bank of India 10,000 crore equity in the market for more than two years before two years
Shares of Yes Bank closed at Rs 17.05 on the Bombay Stock Exchange on Thursday.