Brookfield, Ares SSG, Oaktree join the race for  Yes  Bank's proposed  ARC

Yes Bank Ltd has received expressions of interest from a dozen investors for setting up an asset reconstruction company (ARC) with the private sector lender as the minority partner. PE firms who have shown interest include Brookfield Asset Management, Ares SSG, Oaktree Capital Management, JC Flower, Varde Capital, CarVal Investors, Avenue Asia Group, Bain Capital's India Resurgent Fund, Apollo Global Management, Rohatyn Group and Silver Point Capital. Yes Bank has invited expressions of interest to set up the asset reconstruction company (ARC). It has hired EY as the process adviser.