Yes Bank stake buy jeopardised by 51% demand

Published Date: 13-09-2024 | 12:33 pm

Mumbai : Bidders’ insistence on having a 51 per cent stake in Yes Bank may end up jeopardising the stake buy, an informed source said on Thursday.

As per the source, the talks on any deal “are not going anywhere” because of all the bidders’ push on the 51 per cent stake. The source explained that the RBI was uncomfortable with a foreign entity owning a 51 per cent stake in a big entity like Yes Bank. There are reports of two bidders — Japan’s SMBC and Emirates NBD.

See also  ASSOCHAM urges RBI to begin halt in rate hikes; provide concessional loans to EVs

Related Posts

About The Author

Contact Us