'Bidders' insistence on 51% stake in Yes Bank may jeopardise stake buy
The Free Press Journal|September 13, 2024
Bidders' insistence on having a 51 per cent stake in Yes Bank may end up jeopardising the stake buy, an informed source said on Thursday.
'Bidders' insistence on 51% stake in Yes Bank may jeopardise stake buy

When asked on whether the deal will go through by the end of this fiscal, the source, who is not authorised to speak to the media, said the deal itself is in a quandary.

As per the source, the talks on any deal "are not going anywhere" because of all the bidders' push on the 51 per cent stake.

The source explained that the RBI is uncomfortable with a foreign entity owning a 51 per cent stake in a big entity like Yes Bank.

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