You are here: Home » News-CM » Companies » News
Business Standard

Yes Bank intimates of sale of 2.3% stake by Promoter Group, Morgan Credits

Capital Market 

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).

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 20 2019. 09:35 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU