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Yes Bank's Attempt To Clean Up Its Loan Book Is A Race Against Time
Four investors have shown interest in Yes Bank's ARC. But the contours of this plan are far from clear.
15 Dec 2021, 07:43 AM IST
Yes Bank Ltd.'s proposed asset reconstruction company now has four bidders in the race for a controlling stake. Apollo Global Management, Cerberus Capital Management, Oaktree Capital Management and a consortium of JC Flowers and Eight Capital are looking to buy into the stressed assets platform, according to four people familiar with the bank's plans, who spoke on condition of anonymity. Discussions have been underway at least for th...
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