Breaking SBI and LIC to acquire half of YES Bank!

  • Thread starter hike
  • Start date
  • Replies: Replies 0
  • Views: Views 1,089

hike

Member
Joined
1 Aug 2014
Messages
5,691
Solutions
3
Reaction score
5,622
SBI and LIC are set to pick up 49 per cent stake in YES Bank by acquiring preferential shares in the private lender at Rs 2 per share, sources told ET NOW. The two state-run firms will acquire the stake for Rs 490 crore, the report added.

SBI will likely be given exemption from open offer. It should be noted that a similar exemption was given to the lender in case of Union Bank of India in November 2019.

Yes Bank shares: SBI and LIC to acquire half of YES Bank at Rs 2 per share - The Economic Times
 
Last edited by a moderator:
Back
Top Bottom
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock