Yes Bank Share: Big news regarding sale of stake in the bank - keep an eye on the stock

Along with SBI, there are 11 more banks who have invested money in Yes Bank. These include ICICI Bank and HDFC Bank. They have a stake of 9.74 percent. A plan was made to bring Yes Bank back on track. All these banks had participated in the consortium of banks during March 2020.

There has been talk of stake sale for a long time. According to reports, Japan's Sumitomo Mitsui Banking Corp and Dubai-based Emirates NBD are in the next round of talks to take a majority stake in Yes Bank.

 

Sumitomo Mitsui is a unit of Japan's second-largest bank Sumitomo Mitsui Financial Group. According to the source, both the bidders have expressed their desire to buy 51 per cent stake in Yes Bank, and the Reserve Bank is now taking further necessary steps on this. An ET report quoted sources as saying that SBI is planning to sell its 24 per cent stake in Yes Bank, which is worth around Rs 18420 crore, by the end of March. What is the news now?   On Friday, November 8, 2024, the country's largest public sector bank SBI announced its quarterly results. After this the bank held a press conference. During this, in response to a question, SBI Chairman Challa Srinivasulu Shetty said that there has been no significant progress on the stake sale front. We will inform you at the appropriate time.

Read More: Nazara Technologies stock has been on a bullish trend for 5 days! Prices double in 2 years