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.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Celina Resident Hits It Big With $1 Million Scratch-Off PrizeA Celina resident is the latest Texan to join the millionaires' club after a scratch-off ticket netted the lucky winner the top prize.
Read more »
Natural Feminine Hygiene Startup Overcomes Challenges And Gets $1.25M In VC FundsBy focusing on natural products for feminine health and hygiene, two Black female founders have built a growing company that attracts VC funds.
Read more »
Snap Reaches 319M Daily Active Users While Revenue Hits $1.3BThe parent company of Snapchat bounced back after an earnings miss last quarter.
Read more »
Dune Analytics raises $69.42 million in Series B, now valued at $1 billionCrypto analytics platform Dune has entered the unicorn club with its latest $69,420,000 Series B round led by Coatue.
Read more »
Gov. Wolf proposes $1.7B relief program for families, small businesses, health care and conservationGov. Tom Wolf today announced a $1.7 billion plan to provide relief to families, workers, small business owners and funnel funding into the health care system, land conservation and recreation. The federal funding from the American Rescue Plan Act (ARPA) is aimed at helping Pennsylvania recover from the pandemic, while investing in future progress, Wolf said in a statement.
Read more »