**Hindujas, Cerberus Will Partner to Bid for Yes Bank Stake**
(Bloomberg) -- Hinduja Group Ltd. is partnering with private equity firm Cerberus Capital Management LP in seeking to pick up a stake in embattled Yes Bank Ltd., according to people familiar with the matter.
Representatives of Cerberus and the U.K.-based Hinduja group, run by brothers Gopichand Hinduja and Ashok Hinduja, met Reserve Bank of India officials earlier this month regarding the bid, the people said, asking not to be named as the information is private.
A spokesman for Hinduja Group declined to comment while spokespeople for Cerberus, the RBI and Yes Bank didn’t immediately respond to emails seeking comment.
More investors may join the consortium, the people said. The deliberations are ongoing and the consortium could decide against a bid too, according to the people.
**View: Positive development but again many term sheet and interested investor but deal not concluded. Fund need on immediate basis. So keep closely watch the development. Wait n watch**