TIWN
Mumbai, Feb 13 (TIWN) Yes Bank on Wednesday said that it has received a non-binding expressions of interest from investors: "JC Flowers & Co. LLC, Tilden Park Capital Management LP, OHA (UK) LLP and Silver Point Capital".
Yes Bank further informed that it will publish its unaudited financial results for the quarter and nine month period ending December 31, 2019 on or before March 14, 2020. The bank in a regulatory filing said that its financial advisors are currently in discussions with these investors on the commercial terms, including pricing, of their investments "which, it may be noted, will be subject to certain conditions and receipt of requisite approvals, including regulatory approvals". "This exceeds the 45 day period from the end of the relevant quarter as stipulated under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015," it added.
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals
- Govt bonds worth Rs 30,000 crore to come up for auction on April 12
- Taiwanese chip major TSMC gets $6.6 bn subsidy for chip plant by US govt