trending Market Intelligence /marketintelligence/en/news-insights/trending/b-FC0r9f56ton8ZTi64Omw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: Yes Bank may reject US$1.2B offer from Canadian investor, SPGP Holdings

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Report: Yes Bank may reject US$1.2B offer from Canadian investor, SPGP Holdings

Yes Bank Ltd.'s board is expected to reject a US$1.2 billion contribution from Canadian investor Erwin Singh Braich and Hong Kong-based SPGP Holdings toward the bank's US$2 billion capital raising, Bloomberg News reported Dec. 9, citing a source close to the matter.

The bank is talking to institutional investors about making up the shortfall, the source said, adding that the lender would prefer investments from institutions over those from individual investors.

Doubts over key foreign bidders have prompted concerns that India's central bank not allow them to take ownership stakes in Yes Bank, the news outlet reported. According to Canadian court records, Braich has been involved in lawsuits with family members and creditors.

Yes Bank said the reported rejection is speculative, adding that it does not comment on market speculation, Bloomberg reported.

The Indian bank's board is scheduled to decide on the matter Dec. 10.