Yes Bank shares jump 11% on RBI nod to HDFC Bank for 9.5% stake buy

February 6, 2024

Yes Bank shares jump over 11% after RBI approves HDFC Bank’s acquisition of up to 9.50% of Yes Bank’s share capital or voting rights. HDFC Bank must acquire major shareholding within 1 year. HDFC Bank’s aggregate holding in Yes Bank should not exceed 9.50% at all times. If the aggregate holding falls below 5%, RBI approval is required to increase it.

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