Yes Bank has entered into a share subscription and purchase agreement with JCF ARC LLC and J.C. Flowers Asset Reconstruction (JC Flowers ARC) and a shareholders’ agreement with JCF ARC LLC, JC Flowers ARC and Emso Asset Management on November 28, 2022 in relation to its acquisition of up to 19.9% of the equity share capital of the JC Flowers ARC by the Bank, with initial acquisition of 9.9% shareholding and subsequent acquisition of additional shareholding of 10.00%, subject to requisite regulatory approvals.
The Bank has initially acquired 9.9% shareholding of JC Flowers ARC at Rs 11.43 per share. Acquisition of additional shareholding of 10.00% will be as per the terms agreed in the definitive agreements.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
