 "ICICI Bank, YES Bank")
ICICI Bank on Tuesday said it has acquired 7.97 per cent stake in YES Bank through its Rs 1,000 crore capital infusion in the troubled private sector lender.
ICICI Bank Ltd has acquired 100 crore equity shares pursuant to the YES Bank Ltd Reconstruction Scheme, 2020 notified by the government under the Banking Regulation Act, 1949, it said in a regulatory filing.
"Accordingly, at March 17, 2020 the total equity shareholding of the bank stands at 7.97 per cent," it said.
According to the reconstruction scheme, 75 per cent of the total investment by the bank would be locked in
