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SBI to buy 725 crore shares of Yes Bank at Rs.10 per share


SBI to buy 725 crore shares of Yes Bank at Rs.10 per share



The executive committee of central board of State Bank of India has approved purchase of 725 crore shares of Yes Bank at ₹10.

SBI said the bank's shareholding in Yes Bank will remain within 49% of the paid up capital of Yes Bank.

SBI advised the Executive Committee of Central Board (ECCB) at its meeting held on 11 March, 2020 accorded approval for purchase of shares in Yes Bank subject to all regulatory approvals.

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