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

BY Reuters | ECONOMIC | 12/01/22 05:42 AM EST

BENGALURU, Dec 1 (Reuters) - Private equity firms Carlyle Group Inc (CG) 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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