SBI To Acquire 245 Crore Shares In Yes Bank At Rs 10 Apiece
Under the scheme of reconstruction of Yes Bank, SBI will be issued 245 crore shares at a price of Rs 10 per share for Rs 2,450 crore. This will be 49 per cent of the share capital of the reconstructed bank.
RBI released draft of Scheme of Reconstruction of Yes Bank and invited suggestions till March 9.
Mumbai: State Bank of India (SBI) will acquire a 49 per cent stake in the reconstructed Yes Bank by acquiring 245 crore shares in Yes Bank at a price of Rs 10 ea
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