Yes Bank buys 9.9% stake in JC Flowers ARC, to acquire additional stake
- Yes Bank intends to participate as a minority shareholder in the ARC, in partnership with JC Flowers.
- The 9.9% stake represented 12,370,050 equity shares in JC Flowers ARC at ₹11.43 per share.
Yes Bank has initially acquired a 9.9% shareholding in JC Flowers ARC. The lender said that it plans to acquire a further 10% shareholding in the asset reconstruction company, subject to requisite regulator approvals. Yes Bank intends to participate as a minority shareholder in the ARC, in partnership with JC Flowers.
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