BSE seeks clarification from Yes Bank on SBI buying stake

Source : IANS
Author : IANS
Last Updated: Thu, Mar 5th, 2020, 12:52:01hrs
BSE seeks clarification from Yes Bank on SBI buying stake

New Delhi:  The Stock exchange has sought clarification from Yes Bank on the news of Government approving a plan to allow a SBI-led consortium to buy stake in the private lender.

The Exchange has sought clarification from Yes Bank on March 5, 2020, with reference to news flashed on Bloomberg dated March 05, 2020 quoting "Government is said to have approved @TheOfficialSBI's plan to buy stake in @YESBANK, said to ask SBI to form consortium for Yes Bank stake", Yes Bank said in a filing.

"Reply is awaited", BSE said.