"We hereby inform you that vide separate letters dated 30 November, RBI has issued a conditional approval to each investor on proposed acquisition by each of up to 9.99% of paid-up share capital of the bank through subscription to equity shares and share warrants of the bank. Investors are evaluating the conditions," it said.
Yes Bank and its investors will engage with RBI for an early resolution of the conditions to procure the final approval, the bank added. It, however, did not elaborate on what these conditions were.
This story is from the December 02, 2022 edition of Hindustan Times.
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This story is from the December 02, 2022 edition of Hindustan Times.
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