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(PTI) <a target="_blank" href="https://mintgenie.livemint.com/stocks/yes-bank-S0003021">Shares of Yes Bank climbed nearly 6 per cent</a> in Monday morning trade after the announcement that private equity funds Carlyle and Advent International will invest USD 1.115 billion in the lender.

The stock jumped 5.75 per cent to ₹15.80 on the BSE. On the NSE, it advanced 5.68 per cent to ₹15.80 apiece.

After trials and tribulations on fundraising that lasted well over three years, Yes Bank on Friday announced that Carlyle and Advent International will be investing USD 1.115 billion (around ₹8,900 crore).

Both the global PE funds will be acquiring a 10 per cent stake each in the private sector lender, which had to be bailed out in a RBI and government-led reconstruction scheme for want of capital buffers and after the then management failed to sell the bank's story to investors.&nbsp;

Yes Bank shares climb nearly 6%; Here's why

Yes Bank stock jumped 5.75 per cent to ₹15.80 on the BSE. On the NSE, it advanced 5.68 per cent to ₹15.80 apiece.

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