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Yes Bank acquires eight crore pledged shares of CG Power

Yes Bank has acquired eight crore shares in CG Power and Industrial Solutions which were pledged to it by a borrower. The acquired shares represent 12.79% ownership in the company and will be valued at Rs 292.56 crore as per the Tuesday’s close.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

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