Acquisitions6 Feb 2024, 01:55 pm
HDFC Bank Limited acquires up to 9.50% stake in YES Bank Limited
AI Summary
HDFC Bank Limited has received approval from the Reserve Bank of India to acquire up to 9.50% stake in YES Bank Limited, subject to compliance with relevant regulations. The approval is valid for one year, and HDFC Bank must ensure that its aggregate holding in YES Bank does not exceed 9.50% at all times.,
Key Highlights
- HDFC Bank Limited acquires up to 9.50% stake in YES Bank Limited
- Approval granted by Reserve Bank of India subject to compliance with regulations
- Aggregate holding must not exceed 9.50% at all times