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Reconstruction Scheme 2020

YES BANK LIMITED

Sell-side advisory in first of its kind reconstruction scheme for a bank in India under Section 45 of Banking Regulation Act

2020

Deal highlights

  • Only transaction in India where-in a scheme of reconstruction has been applied for a bank under Section 45 of Banking Regulation Act
  • INR 100,000 Mn was raised from various investors in record time, keeping in min the interest of depositors as well as stakeholders in Indian Banking System
  • The Equity Issue Price was INR 10 per Share
  • Key investors include State Bank of India, ICICI Bank, HDFC, Axis Bank, Kotak Bank, IDFC First Bank, Bandhan Bank and Federal Bank
  • The said capitalization under the Reconstruction Scheme enabled YES BANK to maintain the regulatory capital requirements and resulted in lifting of moratorium

 

SBICAPS value add

  • SBICAPS assisted YES BANK in formulating inputs on the draft Reconstruction Scheme.
  • SBICAPS reached out to various potential investors and ensured smooth communication along with flow of information to complete the deal in a short timeframe.
  • SBICAPS stepped up the engagement effort by bringing together various stakeholders and maintaining efficient coordination among all.

 

SCHEME DETAILS

Equity Issue Size INR 1,00,000 Mn
Equity Issue Price INR 10 per Share
No of Shares Issued 10,000 Mn

Issuance & Allotment Details Shares (Mn) Amount (INR Mn)
SBI 6050 60,500
ICICI Bank 1,000 10,000
HDFC 1000 10,000
Axis Bank 600 6,000
Kotak Bank 500 5,000
Bandhan Bank 300 3,000
Federal Bank 300 3,000
IDFC First Bank 250 2,500
Key Terms 75% of shares lock-in for 3 years from March 13, 2020

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