Bay Tree India Holdings completed the acquisition of a 7.78% stake in Yes Bank for $299m.

Tilden Park-owned Bay Tree India Holdings, an investment holding company, completed the acquisition of a 7.78% stake in Yes Bank, an Indian bank, for $299m. Yes Bank intends to utilise its net proceeds from the investment towards ensuring adequate capital to support its growth and expansion, including enhancing its solvency and capital adequacy ratio.