Further, the investors and the bank will engage with the RBI to seek an early resolution of the conditions to procure the final approval on this matter, it said.
In July this year, the Yes Bank board decided to issue over 369.61 crore equity shares and 256.75 crore warrants. These securities will be issued on a preferential basis for a total consideration of Rs 8,898.47 crore, according to a regulatory filing.
CA Basque Investments, part of the Carlyle Group, and Verventa Holdings, an affiliate of funds managed by Advent, will be offered a little over 184.80 crore shares each at a price of Rs 13.78 apiece. Likewise, they will get more than 128.37 crore warrants each at a price of Rs 14.82.
Both the global PE funds will each acquire a 10 percent stake in the private sector lender, which had to be bailed out in an RBI and government-led reconstruction scheme for want of capital buffers and after the then management failed to sell the bank's story to investors.
