Hello Friends Today's topic SBI and LIC to acquire half of YES Bank at Rs 2 per share.
Hello Friends Today's topic SBI and LIC to acquire half of YES Bank at Rs 2 per share. NEW DELHI: SBI and LIC are set to get 49 percent stake in YES Bank by securing special offers in the private moneylender at Rs 2 for every offer, sources disclosed to ET NOW. The two state-run firms will get the stake for Rs 490 crore, the report included. SBI will probably be given exclusion from open offer. It ought to be noticed that a comparative exclusion was given to the loan specialist if there should be an occurrence of Union Bank of India in November 2019. Prior in the day, the scrip hopped 25.77 percent to close at Rs 36.85 on BSE on reports that the biggest state-run bank was asked by the administration to shape a consortium for securing a stake in YES Bank. "We will submit to the courses of events under Regulation 30 of SEBI (LODR) Regulations 2015 in unveiling the improvements, if any in the issue to stock trades," SBI had told stock trades in an explanation. Th...