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Yes Bank Ltd. - Announcement Under Regulation 30 (LODR)-Acquisition Of Shares

| Updated on May 07, 2019 Published on May 07, 2019

In terms of the Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI Regulations), we would like to inform you that YES Bank Limited has acquired 8,00,50,000 equity shares of CG Power and Industrial Solutions Limited (CG Power) having nominal value of Rs.2 per share, constituting 12.79% of the paid-up share capital as at March 31, 2019, pursuant to invocation of pledge of shares of CG Power subsequent to default/breach of terms of credit facilities sanctioned by YES Bank Limited to Oyster Buildwell Private Limited (Borrower), which is a group company of Avantha Group.

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Source : BSE - www.bseindia.com

Published on May 07, 2019
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