Wednesday , October 23 2019
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Yes Bank’s Promoter sells 2.3% stake in the bank

Morgan Credits (MCPL), part of the Promoter Group of Yes Bank, has sold 2.3% shareholding in the Bank. The proceeds will be solely utilized to prepay substantial portion of outstanding Non-Convertible Debentures (NCDs) of MCPL subscribed by various schemes of Reliance Nippon Life Asset Management Company (RNAM).

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.