Housing Development Finance Corporation has issued a equity commitment letter to invest Rs 1000 crore in Yes Bank for subscription of 100 crore equity shares of Yes Bank at a price of Rs 10 each (including premium of Rs 8 per share).
As per the scheme of reconstruction, 75% of the total investment by the Corporation would be locked in for 3 years.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
