Yes Bank intimates of sale of 2.3% stake by Promoter Group, Morgan Credits
On 19 September 2019
Yes Bank announced that part of its Promoter Group, Morgan Credits (MCPL), has sold 2.3% shareholding in the Bank on 19 September 2019.The proceeds will be solely utilized to prepay substantial portion of outstanding Non-Convertible Debentures (NCDs) of MCPL subscribed by various schemes of Reliance Nippon Life Asset Management Company (RNAM).
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