ADVERTISEMENT

SBI Keen To Sell 24% Stake In Yes Bank

International investors are being preferred for SBI’s stake in Yes Bank, according to a person in the know.

<div class="paragraphs"><p>(Source: Company)</p></div>
(Source: Company)
India’s largest lender State Bank of India is keen to sell its stake in Yes Bank, as it looks to exit an investment it made four years ago.According to two people in the know SBI has expressed interest to offload its entire 23.99% stake in Yes Bank. The investment was part of a rescue plan led by SBI to save Yes Bank in March 2020.The seller is yet to find a suitable buyer, as it assesses potential plans for the same. However a final...
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits

Choose a plan

Renews automatically. Cancel anytime.
Still Not convinced ? Know More