The agreement entails JC Flowers accepting 75 percent reduction in the debt, leading Chandra to repay JC Flowers Rs 1,500 crore to regain control over the family s stake in assets
In July 2022, YES Bank forged a partnership with JCF ARC LLC and JC Flowers ARC Private Limited with the aim of selling a portfolio of stressed loans. The collaboration marked a significant step for the bank in addressing its identified stressed loan assets, Industry News, Times Now