Yes Bank Limited ( (IN:YESBANK) ) has issued an update.
Yes Bank Limited has announced a further investment in its subsidiary, YES Securities (India) Limited, by acquiring 1,80,622 equity shares through a rights issue for approximately INR 1.07 crore. This investment follows a previous disclosure of INR 148.71 crore and reflects YES Bank’s continued commitment to strengthening its capital market operations. The transaction underscores YES Bank’s strategic focus on enhancing its subsidiary’s market positioning and operational capabilities, thereby potentially benefiting stakeholders through increased market engagement and financial growth.
More about Yes Bank Limited
YES Securities (India) Limited is a full-scale capital markets intermediary and a subsidiary of YES Bank Limited. It provides a comprehensive range of products and services to both individual and institutional clients, including retail and institutional broking, investment advisory, research analysis, and depository services. YSIL is registered with SEBI and holds memberships with major exchanges like NSE, BSE, MCX, and NCDEX. Additionally, it is involved in alternative investment funds and mutual funds.
YTD Price Performance: -1.73%
Average Trading Volume: 11,490,566
Current Market Cap: 604.8B INR
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