 "YES Bank makes two senior management appointments; stock rises 5.5%")
YES Bank has become the second-largest shareholder in tour operator Cox & Kings after it acquired a 18.55 per cent stake from the invocation of pledge. The private-sector lender has also picked up a 30 per cent stake in Cox & Kings sister concern ezeego1 following a loan default.
The 260-year-old travel firm is owned by the Kerkar family through domestic and overseas entities. The firm has been facing a liquidity crisis, resulting in loan defaults and rating downgrades in the past few months. This has led to promoters pledging additional stake to raise funds. Lenders have also invoked
The 260-year-old travel firm is owned by the Kerkar family through domestic and overseas entities. The firm has been facing a liquidity crisis, resulting in loan defaults and rating downgrades in the past few months. This has led to promoters pledging additional stake to raise funds. Lenders have also invoked
