Yes Bank to raise $2 billion from 8 investors

Topping the list at $1.2 billion is SPGP Holdings backed by Canadian family office of Erwin Singh Braich — Canada’s first Sikh billionaire. It is not clear whether Yes Bank has received any in-principle nod from the RBI for SPGP Holdings. SPGP was in the news in India for failing to make a Rs 2-crore earnest money deposit after it put in a bid for bankrupt apparel company Reid and Taylor.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OVNp0s
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