Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.175)


How much percent LIC acquired as Stake of YES Bank?

[A]. 5.05%
[B]. 6%
[C]. 4.23%
[D]. 7.12%

Answer: Option C


Life Insurance Corporation of India(LIC) has acquired 4.23% Stake(105.98 crore shares) of YES Bank by purchasing from the open market. With this acquisition, the hold of LIC in YES Bank has increased from 0.75%(19 crore shares) to 4.98%(125 crore shares).

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