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Bharti's Sunil Mittal and Hero Group's Sunil Munjal eye stake in Yes Bank: Report

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  • Bharti's Sunil Mittal and Hero Group's Sunil Munjal eye stake in Yes Bank: Report
    2019-10-16, By: System Administrator

    Their interest is at the preliminary stage and if the deal does takes place, Mittal and Munjal would be acquiring the stake in their private capacity, which could be up to five percent

    Prominent industrialists Sunil Mittal and Sunil Munjal have envisaged interest in acquiring stake inYes Bank, reports ET Now.

    Their interest is at the preliminary stage and if the deal does takes place, Mittal and Munjal would be acquiring the stake in their private capacity, which could be up to five percent, the report stated.

    Another five percent may be sold to private equity investors.

    Yes Bank said it continues to be in regular conversation with the Reserve Bank of India (RBI) on its fund raising drive.

    In response, a Bharti spokesperson stated,We strongly deny these baseless rumors. Mr. Sunil Bharti Mittal has no plans to make any investment in Yes Bank.

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