Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1260)

2020-08-09 Banking

1260.

How much percent LIC acquired as Stake of YES Bank?

5.05%

4.23%

7.12%

Answer: Option

Explanation:

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).