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Cerberus Looks To Tie Up With Arcil For Yes Bank Stressed Assets — BQ Exclusive
Yes Bank's stressed asset sale could see Cerberus and Arcil teaming up for a bid.
26 Aug 2022, 07:47 AM IST
Cerberus Capital Management and Asset Reconstruction Co. are looking to place a joint bid for Yes Bank's Rs 48,000 crore worth of bad loans which are on sale. According to three people in the know, the race has entered its final stages, with the challengers looking to place a competing offer to beat JC Flowers & Co. by early September.The offer will be largely funded by Cerberus Capital while Arcil will work as the resolution agent, ...
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