AZB & Partners has advised India's Yes Bank on its agreement to sell a 10 percent stake to U.S. private equity firms Carlyle Group and Advent International for $1.1 billion.
According to Reuters, Yes Bank had said earlier it would seek to raise about $1 billion in this financial year as it exits a reconstruction plan after two years.
The AZB was led by co-founding managing partner Zia Mody and Mumbai partners Vaidhyanadhan Iyer and Gautam Ganjawala.
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