CCI approves Carlyle, Advent Groups investment proposals in Yes Bank

CCI approves Carlyle, Advent Groups investment proposals in Yes Bank

CA Basque, part of Carlyle Group, and Verventa Holdings, part of Advent Group, were allowed to buy up to 10% stake in Yes Bank

The Competition Commission of India (CCI) has given its nod for CA Basque Investments, part of the Carlyle Group, and Verventa Holdings, an affiliate of funds managed by Advent, to acquire up to 10 per cent each of the total paid-up share capital of private lender YES Bank.

The approval of these two combinations would pave the way for YES Bank to sell securities worth ₹8,898 crore to global private equity players Carlyle and Advent groups. (each being allowed to pick up to 10 per cent stake).

AZB & Partners’ Bharat Budholia advised Yes Bank Limited.

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