IndiaCatalog.com
India News
Search Web Directory
News Home
YES Bank share price falls 10% after lender denies reports of investment by Microsoft
Posted on 9th October 2019
Yes Bank shares on Wednesday fell about 10 per cent after the lender denied the reports about strategic investment by Microsoft Corporation and two other tech firms for likely stake sale. The denial came a couple of days after a report said that Microsoft is among the three firms that are in talks with the private sector lender for stake sale. The stock of the private lender tumbled 9.98 per cent intraday to Rs 41.05 as compared the previous closing price of 45.60. The stock was the top laggard on both NSE and BSE. “Not aware of the source, which resulted in the news item and as a matter of policy, the bank would not like to comment on such article,” YES Bank said in an exchange filing.

“The Bank in the usual and ordinary course of its business continues to explore various means of raising capital/ funds through issuance of securities to diverse set of investors, in order to meet its business I regulatory requirements, subject to compliance with prescribed procedures and receipt of statutory I regulatory approvals,” the private lender also said.

Meanwhile, YES Bank recently filed a complaint against the fake news and rumours circulating on WhatsApp and other social media platforms regarding the bank’s financial health. YES Bank issued a statement and said that it will continue to protect the interest of its stakeholders. The bank has been reiterating its sound financial health after the bank’s promoter group company Morgan Credits sold 2.3 per cent stake in the company. “The board of directors of YES Bank would like to state that the financial position of the bank is sound and stable, its operating performance continues to be robust, and its growth plans stay firmly on track,” YES Bank said in a statement.

Related Companies: Yes Bank   

Other Latest News
Power bill over Rs 100,000? Now it's must to file income-tax return
Posted on 1st June 2020
The government has notified new income-tax return forms for 2019-20, making it mandatory for high spenders to file ITR and allowing assesses to avail benefits of extended timelines in view of Covid-19.

People incurring large spending will not be able to escape paying taxes, with the government making filing mandatory in specific cases even in their income is below the taxable limit.

Wajid Khan, of music composer duo Sajid-Wajid dies at 42
Posted on 1st June 2020
Wajid Khan, of music composer duo Sajid-Wajid, died at the age of 42. The news was confirmed by singer Sonu Nigam, who posted a picture on Instagram and wrote, My brother Wajid left us.

Speaking about his health condition, music composer Salim Merchant told PTI, He had multiple issues. He had a kidney issue and had a transplant a while ago. But recently he got to know about kidney infection... He was on the ventilator for the last four days, after his situation started getting worse. Kidney infection was the beginning and then he got critical.

Delhi-Noida border to remain closed for movement of people
Posted on 1st June 2020
The Gautam Budh Nagar administration on Sunday announced that the Noida-Delhi border will continue to remain closed for the movement of public.

Announcing the latest guidelines for Unlock 1, Gautam Budh Nagar District Magistrate said that the decision was taken as the source of infection in 42 per cent of coronavirus cases in Noida in the last 20 days has been traced to Delhi.

Two Pakistan High Commission officials in Delhi caught spying; to be declared persona non grata
Posted on 1st June 2020
Two officials at Pakistan High Commission in Delhi were caught spying by Indian authorities on Sunday.

Abid Hussain and Tahir Hussain, working in the visa section of the Pakistan High Commission, were nabbed while they were engaged in an unwanted anti-India activity. They used to roam around assuming fake Indian identities.

200 special trains to operate from June 1, 1.45 lakh passengers to travel on opening day
Posted on 1st June 2020
After the Ministry of Home Affairs (MHA) issued guidelines on Sunday for reopening the country in a phased manner, It is to be noted that 200 special trains will ply across the country starting fro June 1.

More than 1.45 lakh passengers booked tickets to travel on the starting day, June 1.

Around 26 lakh passengers booked tickets for the special train during the entire month of June.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for YES Bank share price falls 10% after lender denies reports of investment by Microsoft
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for YES Bank share price falls 10% after lender denies reports of investment by Microsoft

Most Read News

Uber trims a quarter of its India workforce, lays off 600 employees

IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis

Gold prices hit two-week low on optimism around reopening of economies

GDP growth in 2019-20 slows to 11-year low of 4.2%, Jan-Mar growth dips to 3.1%

Centre revises guidelines for international arrivals, reduces institutional quarantine period to 7 days

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2020 IndiaCatalog.com
    All Rights Reserved
Privacy Statement