Yes Bank stake buy jeopardised by 51% demand

Bidders' insistence on having a 51 per cent stake in Yes Bank may end up jeopardising the stake buy, an informed source said on Thursday. As per the source, the talks on any deal "are not going anywhere" because of...

PTI

Mumbai, Updated At : 11:28 AM Sep 13, 2024 IST

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Bidders' insistence on having a 51 per cent stake in Yes Bank may end up jeopardising the stake buy, an informed source said on Thursday.

As per the source, the talks on any deal "are not going anywhere" because of all the bidders' push on the 51 per cent stake. The source explained that the RBI was uncomfortable with a foreign entity owning a 51 per cent stake in a big entity like Yes Bank. There are reports of two bidders — Japan's SMBC and Emirates NBD.