Carlyle, Advent close in on $1 billion Yes Bank stake

Carlyle's top brass from Hong Kong along with Advent's leadership have held a series of meetings this week with the senior management of Yes Bank and the State Bank of India (SBI), the largest shareholder of the private lender, as well as Reserve Bank of India (RBI) officials to fine-tune the contours of the plan, which will be undertaken in phases.

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