Archive · 5 Jun 2025
Carlyle Sells Yes Bank Stake; Executives Resign
Imagine a big company, Carlyle, that owned some shares in a bank called Yes Bank.
They decided to sell a small part of their ownership, about 2.6%.
This sale was worth a lot of money, around Rs 1,737 crore.
After selling, Carlyle still owns some shares in Yes Bank.
At the same time, two important people working at Yes Bank, like the head of private banking and another head of fee based products, decided to leave their jobs.
This news is important for anyone interested in business and how banks operate.
Carlyle sold a 2.6% stake in Yes Bank.
After the sale, Carlyle's holding in Yes Bank is 4.22%.
The sold stake's worth is Rs 1,737 crore.
Akshay Sapru, a senior executive, resigned from Yes Bank.
Sanjiv Roy, another senior executive, also resigned from Yes Bank.
- Who
- Carlyle sold the stake; Akshay Sapru and Sanjiv Roy resigned.
- What
- Carlyle sold a 2.6% stake in Yes Bank and senior executives resigned.
- When
- The events happened recently, the article does not provide specific date.
- Where
- Mumbai
- Why
- The reason for the sale is not explicitly stated.
- Seller
- Carlyle
- Stake Sold
- 2.6%
- Remaining Stake
- 4.22%
- Value of Stake
- Rs 1,737 crore
- Company
- Yes Bank