Anil Ambani loses ADAG's Mumbai's Santacruz HQs
Business | July 30, 2020 13:48 ISTYes Bank has taken over the headquarter of Anil Ambani’s group in surburban Santacruz for failure to repay dues worth Rs 2,892 crore.
Yes Bank has taken over the headquarter of Anil Ambani’s group in surburban Santacruz for failure to repay dues worth Rs 2,892 crore.
Private sector lender Yes Bank on Tuesday reported 60 per cent fall in its standalone net profit to Rs 45.44 crore for the first quarter ended June 30.It had posted a net profit of Rs 113.76 crore in the same period a year ago, and Rs 2,629 crore in the preceding March quarter.
With the FPO, the share capital of Yes Bank doubled to 2,505.4 crore of face value Rs 2 per share from 1,255 of face value of Rs 2 each, it said. Following the FPO, SBI holding in Yes Bank stood at 751.6 crore shares, which is 30 per cent of the total share capital.
Yes Bank's follow-on public offer to raise Rs 15,000 crore was subscribed 93 per cent on the final day of bidding. The Follow-On Public Offer (FPO) subscription was 95 per cent after including the anchor investors' portion.
Assets worth about Rs 2,203 crore of Yes Bank co-founder Rana Kapoor and others have been attached by the Enforcement Directorate (ED) under the anti-money laundering law, officials said on Thursday.
Private sector lender Yes Bank on Thursday said it has filed a red herring prospectus to raise up to Rs 15,000 crore through issuance of fresh equity shares in its further public offering (FPO). The offer will open on July 15, 2020 and close on July 17, 2020.
Yes Bank will auction properties of Thapar Group's Avantha Holdings and Oscar Investments Ltd of Singh brothers alongside those of some individuals later this month to recover loan dues of over Rs 1,000 crore.
The CBI on Thursday filed a charge sheet against Yes Bank founder Rana Kapoor, DHFL co-founders Kapil and Dheeraj Wadhawan and others in a quid-pro-quo case involving the private sector lender.
The Reserve Bank of India (RBI) has extended the special liquidity facility made available for private sector lender YES Bank by three months. The earlier deadline for the facility was Jun 16.
Yes Bank has partnered with fintech startup Affordplan to launch a co-branded health card on Saturday to address healthcare needs. The co-branded healthcare card will enable families plan and manage their finances for their healthcare needs, Yes Bank said in a release.
Yes Bank on Sunday announced that it has acquired over 24 per cent stake in Dish TV India following invocation of pledged shares due to debt default by the DTH service provider and other group firms.
Private sector lender Yes Bank on Sunday announced restructuring of salaries for senior leadership team, wherein nearly a third of their yearly compensation will be moved to the "variable pay" category.
Looking to shore up its deposit base, private sector lender Yes Bank on Friday launched a fixed deposit product with a health cover for COVID-19 illness.
A special CBI court on Friday sent businessmen Kapil Wadhawan and Dheeraj Wadhawan to CBI custody till May 10 in connection with a corruption case against former Yes Bank CEO Rana Kapoor.
Yes Bank on Wednesday reported a net profit of Rs 2,629 crore for the March quarter, helped by a massive gain of over Rs 6,200-crore arising out of a controversial write-off of bond investors' investment.
The Enforcement Directorate (ED) on Wednesday filed a charge sheet against Yes Bank co-founder Rana Kapoor, arrested on money laundering charges, in a special court here.
A special court in Mumbai on Friday extended the CBI custody of DHFL promoter Kapil Wadhawan and his brother Dheeraj, accused in a corruption case against former Yes Bank CEO Rana Kapoor, till May 8, officials said.
The Yes Bank rescue has undermined the confidence of depositors in private-sector lenders and will lead to smaller entities losing deposits to state-run banks, a report said on Tuesday.
The CBI has asked Satara district authorities in Maharashtra to not release DHFL promoters Kapil and Dheeraj Wadhawan from COVID-19 quarantine without its approval as they face non-bailable warrants in the Yes Bank fraud case.
Private sector lender Yes Bank on Saturday committed Rs 10 crore to support the fight against the COVID-19 pandemic. The struggling private sector lender, which had to be bailed out through state-run SBI and a consortium of private sector banks, will donate Rs 10 crore into the PM-Cares Fund.
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