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Yes Bank acquires over 9% stake in Eveready by invoking pledged shares

Thursday, July 4, 2019, 8:52 PM

Private-sector-lender Yes Bank Thursday said it has acquired over 9 percent shares of battery maker Eveready by invoking pledged shares following loan default by a group company. "Yes Bank, pursuant to invocation of pledge of shares, acquired 68,80,149 equity shares... constituting 9.47% of the post-issue paid-up share capital as at July-3, 2019, of Eveready Industries India Ltd," Yes Bank said in a regulatory filing.
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Another Yes Bank director, Mukesh Sabharwal, quits

Tuesday, June 11, 2019, 3:17 PM

Yes Bank's independent director Mukesh Sabharwal is said to have quit the board of directors, making it the second board-level exit in as many days leading to uncertainty ahead of its shareholders meet on Wednesday, said the source. Sabharwal, a former defence personnel, is supposed to have cited personal reasons for resigning from the board. He has been on the board since since April-2012.
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PM Modi's big win signals strong Indian GDP growth will continue

Thursday, May 23, 2019, 8:09 PM

Steller performance of PM Modi's BJP with another large-parliamentary majority will see continuity of macroeconomic-policy in the next five-years but the key-economic-challenge now is to continue reforms, brokerages and economists said. The BJP still does not have a majority in Upper House of Parliament, Rajya Sabha, and this will pose hurdles to party's legislative reform agenda, IHS Markit said in note on election verdict.

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