Yes Bank rises on concluding assignment of Rs 48,000 crore stressed asset loan portfolio to JC Flowers ARC

Yes Bank is currently trading at Rs. 21.30, up by 0.10 points or 0.47% from its previous closing of Rs. 21.20 on the BSE.

The scrip opened at Rs. 21.25 and has touched a high and low of Rs. 22.10 and Rs. 21.25 respectively. So far 20526747 shares were traded on the counter.

yes bank settles case with sebi
Yes Bank

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 24.75 on 14-Dec-2022 and a 52 week low of Rs. 12.11 on 30-Mar-2022.

Last one week high and low of the scrip stood at Rs. 24.75 and Rs. 19.65 respectively. The current market cap of the company is Rs. 61675.89 crore.

The Institutions and Non-Institutions held 56.07% and 43.94%, stake in the Bank respectively.

Yes Bank has concluded assignment of the Rs 48,000 crore stressed asset loan portfolio of the bank to JC Flowers Asset Reconstruction Company (JC Flowers ARC). The bank had earlier declared JC Flowers Asset Reconstruction as the winner of the Swiss Challenge process for sale of its identified portfolio of stressed assets.

Earlier, the Bank had entered into a share subscription and purchase agreement with JCF ARC LLC and J.C. Flowers Asset Reconstruction (JC Flowers ARC) and a shareholders’ agreement with JCF ARC LLC, JC Flowers ARC and Emso Asset Management on November 28, 2022 in relation to its acquisition of up to 19.9% of the equity share capital of the JC Flowers ARC by the Bank, with initial acquisition of 9.9% shareholding and subsequent acquisition of additional shareholding of 10.00%, subject to requisite regulatory approvals.

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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