IFLR1000

HDFC Rs10 billion acquisition of a 7.97% stake in Yes Bank

14/3/2020
Public acquisition
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Re 10 billion

$ 133.640 million

Announced

14/3/2020

Overview:

  • Financial services company HDFC is set to acquire a 7.97% stake in retail banking company Yes Bank for Rs10 billion.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Financial services

Firms:
Argus Partners

Party: HDFC (Investor)

Lawyer: Krishnava Dutt

AZB & Partners

Party: Yes Bank (Investment target)

Lawyers: Kashish Bhatia, Varoon Chandra

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