Bandhan Bank to invest Rs 300 cr in Yes Bank as part of reconstruction plan

Jannie Delucca

Private sector Bandhan Bank claimed it will make investments Rs three hundred crore in Of course Bank as component of RBI’s reconstruction program for the disaster-hit loan provider.

In a late evening filing on Friday, Bandhan Bank claimed its board has “granted acceptance for an equity financial commitment of Rs. three hundred crore for obtaining upto thirty crore equity shares of Rs 2 every single of Of course Bank Confined, for money, at a high quality of Rs 8 for each equity share, under the proposed Scheme of Reconstruction of Of course Bank Confined under the Banking Regulation Act, 1949, subject matter to regulatory and govt acceptance”.

ICICI Bank, Housing Growth Finance Corp Ltd, Axis Bank and Kotak Mahindra Bank far too on Friday claimed they will be part of the SBI-led consortium and make investments in Of course Bank.

ICIC Bank and HDFC will make investments Rs one,000 crore

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YES Bank jumps 5% as lender gets EoIs from JC Flowers, Silver Point

Jannie Delucca

Yes Financial institution gained over five for each cent to Rs 37.twenty on the BSE on Thursday just after the bank explained it is in talks with possible traders, like J.C. Bouquets and Silver Stage Funds, for increasing equity funds.

In a submitting to the BSE, the lender explained it had acquired non-binding expressions of fascination (EoIs) from several traders like J.C. Bouquets & Co, Tilden Park Funds Administration, OHA (Uk) LLP (element of Oak Hill Advisors), and Silver Stage Funds. Browse THE Firm’s BSE Submitting Below

The bank and its monetary advisors are in discussions with these traders on commercial conditions. The investments, like pricing and dimensions of the stake to be acquired, are all topic to regulatory approval, the bank explained.

Yes Financial institution explained it will hold off the announcement of its December quarter (Q3) success thanks to the ongoing talks with possible traders.

“The latest funds

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