YES Bank Promoter Entities Sell 2.75 Per Cent Stake
Promoter group companies of YES Bank along with co-founder Rana Kapoor, have sold a combined 2.75 per cent stake in the lender through the open market.
Yes Capital (India) Pvt Ltd, Morgan Credits Pvt Ltd and Rana Kapoor have sold a combined 2.75 per cent in YES Bank through the open market process, Morgan Credits said in a regulatory filing on Saturday.
The combined entities held 9.64 per cent holding in the bank, which now stands at 6.89 per cent. The release of shares took place between September 18 to 20, 2019, the filing said.
The stake sale comes in the wake of news reports that Kapoor and the promoter group companies are looking to exit YES Bank.
Sources said digital payments major Paytm is in discussion to buy stake in YES Bank from Kapoor.
USAA Delivers Advice, Financial Assistance As Government Shutdown Continues
FOR THE LATEST DATA ON USAA SHUTDOWN RELIEF, VISIT USAA STORIES: LINK Read more
UPDATE: USAA Delivers $150 Million In Loans Within 48 Hours To Serve Members Impacted By Government Shutdown
FOR THE MOST UP-TO-DATE DATA ON USAA SHUTDOWN ACTIVITY, VISIT USAA STORIES: LINK Read more
USAA Names Rob Arena President Of Life Insurance Company
Sep 30 2025 SAN ANTONIO – September 30, 2025 – USAA has appointed Rob Arena as Preside... Read more
USAA Prepares Financial Assistance To Serve Members Impacted By Potential Government Shutdown
No-interest loan and payment relief options among the benefits that eligible members can access Read more
USAA, NFL Extend Long-standing Partnership
USAA to continue providing exceptional Salute to Service NFL experiences to the military community Read more
Nearly Half Of Gen Z Doesnt Know What Affects Their Credit Score, According To New USAA Report
Study Reveals Gaps in Young Adults’ Credit Knowledge and Optimism for Financial Growth Read more