2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Private equity companies The Carlyle Group and Advent get the conditional nod from RBI for acquiring 9.99% in which bank?
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SBI
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Bank of Baroda
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HDFC
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Yes Bank
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Explanation:
Detailed explanation-1: -The Reserve Bank of India (RBI) has given conditional approval to private equity investors Carlyle Group and Advent to acquire 9.99% stake each in Yes Bank.
Detailed explanation-2: -Carlyle, Advent acquire 9.99% stake in Yes Bank.
Detailed explanation-3: -Yes Bank on Tuesday said private equity majors Carlyle Group and Advent have picked up 9.99 per cent stake in the bank. The two private equity (PE) funds together would pump in about ₹8,896 crore in Yes Bank with full conversion of warrants into equity.
Detailed explanation-4: -In March 2020, State Bank of India invested ₹7,250 crore (US$910 million) in Yes Bank amid a financial crisis and holds 30% stake in the company as of 28 July 2020.
There is 1 question to complete.