In August 2020, an agreement was signed between Yes Bank and GPL Finance to buy the mutual fund business. Yes Bank said that White Oak Investment Management Private Limited will get 99% share in this purchase.
New Delhi. After Fair trade regulator Competition Commission of India (CCI) by private sector lender Yes Bank ‘s mutual fund business to GPL Finance and Investment Ltd (GPL Finance and Investments Ltd) of hands to sell to its approval Safety reported that. GPL Finance Minister YES Bank ‘s affiliate companies Yes Asset Management Ltd andYes Trustee Limited in its mutual fund of 100% business buy. Yes Bank said its regulatory filing in said that GPL Finance his two associate companies of 100% equity share purchase. It GPL Finance YES Bank ‘s mutual fund business in Seoul sponsored a will. You tell yourself that GPL Finance Non- Deposit is NBFC . Agst 2020 in the Yes Bank and GPL Finance of the mutual fund business to buy in to an agreement to be had. Yes Bank has said that the purchase of 99% stock White Oak Investment Management Private Limited to get. Its the most benefit famous businessman Prashant Khemka to be Whose White Oak in 99.99% stake is.
Moderately fast as with 13.40 rupees at the close of Yes Bank shares
Stock markets in today’s Yes Bank ‘s shares marginally faster and with 13.40 rupees at the close of. The bank ‘s stock in today 0.37% of annual eye. Monday to its stock 13.35 rupees to close the case. Today its stock 13.40 rupees to open and make the business of the latter so on the Closed . It Yes Bank ‘s m-cap 33,400 crore rupees have been.
Bank is auctioning immovable properties to recover debt
Private sector Yes Bank is auctioning the immovable properties of the e-commerce company Magnum Solutions Ltd to recover its debt of Rs 345 crore. In its E-Auction notice, Yes Bank said that it had taken possession of the physical properties of Magnum Solutions Limited on August 29, 2020. Yes Bank said that the auction of immovable assets of Magnum Solutions Limited will be done under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act (Sarfaesi Act). Yes Bank has kept the reserve price of the assets of Magnum Solutions Ltd. at Rs 270 crore. This means that its bid will start from Rs 270 crore. This property will not sell below this reserve price, which has been decided by the authorized officer.
