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HDFC, Kotak to join SBI in Yes rescue plan
March 11, 2020 | By Livemint.com
business
The 3 firms will invest ₹6,450 cr in the first tranche.Once ₹10,000 cr is raised, outside investors such as PE funds will be asked to participate in the fundraising
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Top mortgage lender Housing Development Finance Corp. Ltd (HDFC) and automobile financier Kotak Mahindra Prime Ltd will invest 2,000 crore each in crisis-hit Yes Bank Ltd, according to a rescue plan prepared by State Bank of India, with the state-run lender b
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