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DN Bureau

Bank Crisis: ICICI Bank to invest Rs 1,000 cr in Yes Bank

ICICI

New Delhi: ICICI Bank on Friday said its board has approved investing Rs 1,000 crore in Yes Bank.

Also Read: SBI gets approval to invest Rs 7,250 cr in Yes Bank

ICICI Bank: Our board at its meeting yesterday has approved for an equity investment of up to Rs 10 billion in equity shares of #YesBank, comprising up to 1 billion equity shares at a price of Rs 10 per share, under the proposed scheme of reconstruction of the bank. pic.twitter.com/ZtZJBzRTHk
— ANI (@ANI) March 13, 2020

"This investment is likely to result in ICICI Bank Ltd holding in excess of 5 per cent shareholding in Yes Bank," the lender said in a regulatory filing. (PTI)

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