Carlyle Cashes Out: CA Basque Offloads Yes Bank Stake as Global Investors Reshuffle the Deck

In a significant move shaking up Yes Bank’s shareholding structure, global private equity major Carlyle Group, via its affiliate CA Basque Investments, has sold a 2.62% stake in Yes Bank Limited through open market transactions. The sale, amounting to 82 crore shares, fetched approximately ₹1,775 crore, with shares changing hands at prices between ₹21.61 and ₹21.68 apiece.

 

This transaction reduces CA Basque Investments’ holding in Yes Bank from 6.84% to 4.22%, marking a notable exit by one of the bank’s prominent foreign investors. The buyers of these shares have not been disclosed by the exchanges.

 

Key Highlights

 

This series of high-stakes transactions signals a new era for Yes Bank, with global players like SMBC poised to become the largest shareholder and strategic partner, while legacy investors like Carlyle partially exit after supporting the bank’s turnaround since the 2020 reconstruction.

 

Source: Outlook Business, Rediff Money, The Week, NDTV Profit