/ Yes Bank in Process Of Acquiring Stake in India INX ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 13 June 2018

Yes Bank is in the process of acquiring stake in an unlisted company, namely, India International Exchange (India INX) of 10,49,69,461 equity shares having nominal value of Re 1/- per share, constituting 9.95% of the post-issue paid-up share capital, amounting around Rs 10.497 crore. The mode of acquisition will be from primary market.

Furthermore, the Bank would be acquiring equity shares in tranches in India INX for an amount aggregating upto Rs 31.04 crore by Financial Year 2021-22, provided however that the aggregate amount invested by the Bank at any time shall not be more than 9.95% of the post issue paid-up share capital of India INX.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

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