“The prospective investor would be the lead partner/sponsor of the ARC, with the bank as the other significant partner/sponsor, for conducting the business of asset reconstruction,” as per the EOI.
EY is the process advisor to Yes Bank for floating the ARC.
The bank said the interested investor(s) or their sponsors should have a minimum asset under management (AUM) and fund deployed, globally, of at least USD 5 billion (over Rs 37,186 crore) in the immediately preceding completed financial year.
The interested investors can submit their EOIs by 5 pm on August 31, 2021, by sending an email to firstname.lastname@example.org.
Foreign institutional investors, foreign portfolio investors, private equity, venture capital funds, FIIs, NBFCs, asset management companies, banks and ARCs can
part to be a lead sponsor of Yes Bank’s proposed asset reconstruction company.