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    YESBANK   INE528G01035

YES BANK LIMITED

(YESBANK)
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End-of-day quote NSE India Stock Exchange  -  05-26
13.40 INR   +1.13%
05/18Carlyle, Advent Reportedly in Talks to Buy Stake in Yes Bank
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05/03Yes Bank Announces Plans to Raise New Funds
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Yes Bank Reportedly Seeking as Much as INR 120,000 Million from Potential Investors

01/13/2022 EDT

Yes Bank Limited (NSEI:YESBANK), which is in the process of selecting a partner for an asset reconstruction company (ARC) to warehouse a large portion of its bad loans, is seeking as much as INR 120,000 million from potential investors, two people directly aware of the ongoing negotiations said. The private sector lender, which plans to transfer non-performing assets (NPAs) of close to INR 540,000 million to the ARC by the end of the current fiscal, is seeking bids anywhere between INR 100,000 million and INR 120,000 million, the people said, requesting anonymity. The bank has sought binding bids by January 25, 2022 from private equity investors. The private sector lender also wants the right to appoint the Chairman and key managers across departments of the proposed ARC in which it will hold a 20% stake, they said. "According to initial estimates, at least a few dozen Yes Bank employees will move to the ARC. These are employees who have been managing the accounts for a long time. The bank feels that they will be needed to ensure continuity and recovery," one of the two people cited above said. On 18 October, Mint reported that US-based distressed assets investor Cerberus Capital Management, L.P. was among contenders to partner Yes Bank for the ARC, along with EMSO Asset Management Limited, which has a tie-up with Eight Capital Management LLC, and Oaktree Capital Management, L.P. "Global private equity fund J.C. Flowers & Co. LLC has also emerged as a serious contender," said the second person cited above. "Investors are studying the conditions, but the bank is hopeful of getting several binding bids by the end of the deadline," said the second person. Spokespeople for Cerberus Capital and Eight Capital declined to comment, while queries sent to JC Flowers and Yes Bank remained unanswered till press time.


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All news about YES BANK LIMITED
05/18Carlyle, Advent Reportedly in Talks to Buy Stake in Yes Bank
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05/11PRIVATE FUNDS : AIF Investors Holding UPSI In Breach Of Insider Trading Norms For AIF's In..
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Financials
Sales 2022 97 698 M 1 259 M 1 259 M
Net income 2022 6 760 M 87,1 M 87,1 M
Net Debt 2022 - - -
P/E ratio 2022 55,5x
Yield 2022 0,09%
Capitalization 336 B 4 328 M 4 328 M
Capi. / Sales 2022 3,44x
Capi. / Sales 2023 2,81x
Nbr of Employees 24 346
Free-Float 56,8%
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Number of Analysts 0
Last Close Price 13,40
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Managers and Directors
Prashant Kumar Chief Executive Officer, MD & Executive Director
Niranjan Banodkar Head-Financial & Investor Strategy
Sunil Mehta Non-Executive Chairman
Mahesh Ramamoorthy Chief Information Officer
Anita Pai Chief Operating Officer & Senior Group President
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