Carlyle, Advent get conditional nod from India's RBI to buy Yes Bank stake

Published on December 01, 2022 02:49 AM PST

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BENGALURU (Reuters) - Private equity firms Carlyle Group Inc and Advent International have received conditional approvals from India's central bank to buy stakes in Yes Bank, the private-sector lender said on Thursday.

"The investors are evaluating the conditions," Mumbai-based Yes Bank said, adding they will engage with the Reserve Bank of India to seek an early resolution of the conditions and get a final approval on the acquisition.

(Reporting by Chris Thomas in Bengaluru; Editing by Dhanya Ann Thoppil)

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