Thursday 20 February 2020

Yes Bank Investors See a Ray of Hope

Yes Bank Investors See a Ray of Hope

Yes Bank investors may now breathe easy. Photo by maitree rimthong on Pexels.com

Private equity firm Cerberus Capital Management LP and the U.K. based Hinduja Group Ltd., run by brothers Ashok Hinduja and Gopichand Hinduja, are coming together as partners with an objective to pick up a stake in the beleaguered Indian lender, Yes Bank Ltd. Representatives of both Cerberus and the Hinduja…

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