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    HomeNewsBusinessCompaniesYes Bank subscribes 8% stake in RXIL

    Yes Bank subscribes 8% stake in RXIL

    "Yes Bank has executed a share subscription and shareholders' agreement agreeing to subscribe for 20,00,000 equity shares of RXIL," Yes Bank said in a BSE filing.

    June 10, 2016 / 09:27 IST
       
       
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      Private sector lender Yes Bank said it has subscribed 8 percent stake in Receivables Exchange of India Limited (RXIL).

      "Yes Bank has executed a share subscription and shareholders' agreement agreeing to subscribe for 20,00,000 equity shares of RXIL," Yes Bank said in a BSE filing.

      The bank said the subscription is equivalent to 8 percent of the post-issue paid-up capital of RXIL.

      RXIL is a joint venture company set up by NSE Strategic Investment Corporation Limited and Small Industries Development Bank of India (SIDBI).

      first published: Jun 10, 2016 09:20 am

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