Cyril Amarchand Mangaldas Secured for Equity Sale Transaction, Facilitating US-based Seller’s Divestment in YES BANK
Cyril Amarchand Mangaldas served as the legal advisor to Morgan Stanley India Company Private Limited (referred to as the “Placement Agent”) concerning the sale of equity shares of YES BANK Limited (referred to as the “Company”) by CA Basque Investors (referred to as the “Seller”), an affiliate entity of The Carlyle Group based in the US. The transaction was carried out on the trading floors of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The Seller divested a total of 390,000,000 equity shares of the Company, equivalent to approximately 1.35% stake, through share sales executed via screen-based trading on NSE and BSE on February 16, 2024, fetching an aggregate consideration of Rs. 1,056.90 crores (approximately).
The transaction was managed by the Transaction team, which included Gokul Rajan and Adwait Deshmukh.
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