YES BANK Ltd receives Rs. 201 crores as OTS from borrower

YES BANK Limited ("Bank") has executed an OTS in connection with a NPA and the borrower has paid INR 201 crores in full and final settlement of the monies owed to the Bank. Since the net amount received (i.e. settlement proceeds less the underlying net carrying value of the NPA) is more than the materiality threshold as prescribed under the amended Listing Regulations, the said event, is being hereby disclosed in terms of Regulation 30 of Listing Regulations.

Shares of Yes Bank Limited was last trading in BSE at Rs. 19.75 as compared to the previous close of Rs. 19.44. The total number of shares traded during the day was 9751695 in over 26683 trades.

The stock hit an intraday high of Rs. 19.83 and intraday low of 19.40. The net turnover during the day was Rs. 191610277.00.

Source : Equity Bulls

Keywords

YesBank INE528G01035 OTS FinalSettlement NPA Borrower Payment