Reconstruction Scheme 2020

YES BANK LIMITED

Sell-side advisory in first of its kind reconstruction scheme for a bank in India under Section 45 of Banking Regulation Act

2020

Only transaction in India where-in a scheme of reconstruction has been applied for a bank under Section 45 of Banking Regulation Act
INR 100,000 Mn was raised from various investors in record time, keeping in min the interest of depositors as well as stakeholders in Indian Banking System
The Equity Issue Price was INR 10 per Share
Key investors include State Bank of India, ICICI Bank, HDFC, Axis Bank, Kotak Bank, IDFC First Bank, Bandhan Bank and Federal Bank
The said capitalization under the Reconstruction Scheme enabled YES BANK to maintain the regulatory capital requirements and resulted in lifting of moratorium

SBICAPS assisted YES BANK in formulating inputs on the draft Reconstruction Scheme.
SBICAPS reached out to various potential investors and ensured smooth communication along with flow of information to complete the deal in a short timeframe.
SBICAPS stepped up the engagement effort by bringing together various stakeholders and maintaining efficient coordination among all.

Issuance & Allotment Details	Shares (Mn)	Amount (INR Mn)
SBI	6050	60,500
ICICI Bank	1,000	10,000
HDFC	1000	10,000
Axis Bank	600	6,000
Kotak Bank	500	5,000
Bandhan Bank	300	3,000
Federal Bank	300	3,000
IDFC First Bank	250	2,500
Key Terms	75% of shares lock-in for 3 years from March 13, 2020