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    INTERVIEW | Yes Bank is at an inflection point, we believe in the story: Advent International

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    INTERVIEW | Yes Bank is at an inflection point, we believe in the story: Advent International

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    Yes Bank has announced fund raising to the tune of $1.1 billion from Carlyle & Advent. Each of the private equity players will own 10 percent stake in Yes Bank via mix of equity and warrants.

    Yes Bank has announced fund raising to the tune of $1.1 billion from Carlyle & Advent. Each of the private equity players will own 10 percent stake in Yes Bank via mix of equity and warrants. Both Carlyle & Advent have sought board position.
    The bank proposes to issue 370 crore equity shares on a preferential basis at a price of Rs 13.78 per share and 257 crore warrants convertible into equity shares at a price of 14.82 per warrant, adding Rs 8,900 crore to the equity capital base of the lender.
    The bank will hold an extraordinary general meeting (EGM) on August 24 for shareholders' approval while the deal will also need the Reserve Bank of India's (RBI) nod.
    The capital raise will further bolster the capital adequacy of Yes Bank and aid the bank’s medium to long-term sustainable growth objectives.
    In an interview with CNBC-TV18, Shweta Jalan, Managing Partner, Advent International, said that the lender's NPA issues are by and large behind it and that it is at an inflection point. "We believe in the story," she said, adding that retail, SME and digital focus are key drivers of growth for the bank.
    Watch the accompanying video for the full interview
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