Carlyle plans to acquire 10% in Yes Bank for $500-600 million
Advent International also likely to pick up a similar stake int he bank; both PEs looking at board seat.
IBC led recoveries fall sharply as delays mountThe low recovery in the quarter has also pulled down the overall recovery rate since the law came into effect from December 2016. Out of the total admitted claims of Rs 7.56 lakh crore under the IBC until December 2021, the recovery rate is just 33.10% down from 35.89% at the end September 2021.
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