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Yes Bank’s Stake Sale To Private Equity Funds Hits Information Roadblock
At least four large private equity firms have backed out of Yes Bank’s fundraising for lack of granular information.
27 Aug 2019, 03:11 PM IST
Talks between private sector lender Yes Bank Ltd. and at least four global private equity funds for a possible stake sale went cold after the funds did not get enough comfort from publicly available information on the bank’s asset quality and profitability outlook, said three people in the know, speaking on conditions of anonymity.Instead, the investors sought more granular information, which the bank is not allowed to share based on...
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