Yes Bank

  • Yes Bank to sell mutual fund arm to GPL Finance
    MUMBAI, AUGUST 21 (IANS): Yes Bank has signed a definitive agreement with GPL Finance and Investments Ltd to sell 100 per cent stake in Yes Asset Management (India) Ltd (YESAMC) and Yes Trustee Limited (YTL), both wholly-owned subsidiaries of the restructured bank. YESAMC is the asset management company of YES Mutual Fund and YTL is the trustee of YES Mutual Fund. Upon completion of the transaction, YESAMC and YTL will cease to be subsidiaries of the bank, which will exit its mutual
  • Yes Bank shares soar 5% on repayment of Rs 35,000 cr to RBI
    Mumbai, August 19 (IANS): Yes Bank shares hit the 5 per cent upper circuit on Wednesday after its Chairman said the bank has repaid Rs 35,000 crore to the Reserve Bank of India (RBI) of the special liquidity facility provided by the Central bank. At 11.27 a.m., shares of Yes Bank on the BSE were at Rs 15.78, higher by 4.99 per cent from its previous close. In the bank's annual report, the Chairman, Sunil Mehta, said, "I am pleased to report that the Bank has, as of date
  • Adani Electricity sells Rs 202 crore worth stock in Yes Bank
    NEW DELHI, AUGUST 7 (IANS): Adani Electricity Mumbai Ltd (AEML) has sold shares worth Rs 202 crore in Yes Bank. This was done through an open market transaction on Thursday. AEML sold off 15 crore shares which represented 1.19 per cent stake in Yes Bank for an average price of Rs 13.45 per share, according to data from NSE. On the other hand, Life Insurance Corp of India had said that it has bought additional shares of the lender through open market purchases. Last week, Moody
  • Yes Bank takes possession of Anil Ambani's group HQ in Mumbai for failure to repay dues
    Mumbai, July 30 (PTI): Yes Bank has taken over the headquarter of Anil Ambani's group in surburban Santacruz for failure to repay dues worth Rs 2,892 crore. The private sector lender has also taken possession of two flats in South Mumbai for the non-payment of dues by Reliance Infrastructure, according to a notice published by Yes Bank in a newspaper on Wednesday. Nearly all the major companies in Anil Dhirubhai Ambani Group (ADAG) were operating out of the Santacruz office c
  • Yes Bank shares plunge below FPO price
    MUMBAI, JULY 28 (IANS): The slump in Yes Bank's shares continued on Tuesday with its stock price falling below the further public offering (FPO) price of Rs 12. During the initial trade, its share price on the BSE declined nearly 10 per cent to Rs 11.10. It has, however, recovered somewhat and around 11.05 a.m., it was trading at Rs 11.40 lower by 7.32 per cent from its previous close. The bank recently raised Rs 15,000 crore through an FPO with a floor price of Rs 12 per
  • Yes Bank's Rs 15K cr further public offering opens on July 15
    MUMBAI, JULY 9 (IANS): Yes Bank has filed a red herring prospectus for its further public offering (FPO) to raise up to Rs 15,000 crore.   The FPO issue will open on July 15 and close on July 17. The anchor investor bidding date would be July 14.   In a regulatory filing, the bank on Thursday said that it has reserved a portion of up to Rs 200 crore for its employees.   "In continuation to our letter dated July 7, 2020, we wish to inform you that t
  • Yes Bank case: SC dismisses pre-arrest bail plea of DHFL promoters
    NEW DELHI, JUNE 26 (IANS): The Supreme Court on Friday declined to entertain pleas seeking anticipatory bail for DHFL promoters Dheeraj Wadhawan and Kapil Wadhawan in a money laundering case of Yes Bank under investigation by the Enforcement Directorate (ED).   A bench of Justices Sanjay Kishan Kaul and B.R. Gavai dismissed the pleas after counsel appearing for Wadhawans contended they are not pressing for relief.   The Wadhawans moved the apex court challenging t
  • Madhu Kapur & family will no more be promoters of Yes Bank
    NEW DELHI, MAY 31 (IANS): In a major development for Yes Bank, which has of late been through tumultuous times, co-founder Ashok Kapurs wife, Madhu Kapur and her family Shagun Kapur Gogia and Gaurav Ashok Kapur along with a Madhu Kapur Group entity Mags Finvest Pvt Ltd will no more be classified as the promoters of the bank.   In a regulatory filing, Yes Bank said that the Madhu Kapur Group has consented to reclassify their shareholding in the bank as 'non-promoters'