Live
- Group-III examination centers were inspected at the field level by District Collector Adarsh ​​Surabhi, SP Raula Giridhar IPS Wanaparthy
- Minister Nara Lokesh Pays Emotional Tribute to Late Nara Rammurthy Naidu
- Bihar: Deceased patient's eye missing, RJD condemns incident at Nalanda Medical College
- Rammurthy Naidu's Last Rites Held in Naravari Palli
- PM Modi receives ceremonial welcome in Abuja, begins bilateral talks with Nigerian President Tinubu
- Goods traffic doubles on the new railway freight corridors
- BGT 2024-25: I’d like to see him make one more Test ton in Australia, says Johnso
- Harassment due to ED raids forced Kailash Gehlot to quit, hints Kejriwal
- Kailash Gehlot exit: BJP goes on the offensive against 'corrupt' AAP govt
- PM Modi pays homage to ‘the great’ Balasaheb Thackeray on his death anniversary
Yes bank acquires 18.5 per cent stake of Cox & Kings by invoking pledged shares
The bank has invoked pledge on 3.27 crore equity shares having nominal value of Rs 5 per share.
New Delhi: Yes Bank on Friday said it has has acquired 18.55 per cent stake in Cox & Kings by invocation of pledged shares.
The bank has invoked pledge on 3.27 crore equity shares having nominal value of Rs 5 per share, constituting 18.55 per cent of the post-issue paid-up share capital, of Cox & Kings, Yes Bank said in a regulatory filing.
Cox & Kings Limited has a consolidated turnover revenue of Rs 5,693.5 crore as on March 31.
Besides, the bank invoked pledge on 34,080 equity shares having nominal value of Rs 10 per share, constituting 30 per cent of an unlisted company Ezeego One Travel & Tours Limited.
In another filing it said, the bank in ordinary course of its business continues to explore various means of raising capital or funds through issuance of securities to diverse set of investors in order to meet its business or regulatory requirements.
The statement was with regard to clarification on reports that TPG Capital, Advent International were in talks to infuse USD 350 million each in Yes Bank.
