YES BANK Ltd updates on receipt of $18 Mn as per OTS

YES BANK Limited ("Bank") had executed OTS agreement in one of its stressed loan exposures, on March 28, 2024, wherein the borrower had agreed to pay an aggregate amount of USD 23.0 million in full and final settlement, against its dues to the Bank, as follows:

a) Tranche 1 - USD 5.0 million - against execution of the Settlement Agreement (already received earlier)

b) Tranche 2 - USD 18.0 million - on or before three months from the date of execution of the Settlement Agreement

The Bank is now in receipt of USD 18 million towards Tranche 2.

Shares of Yes Bank Limited was last trading in BSE at Rs. 23.52 as compared to the previous close of Rs. 23.81. The total number of shares traded during the day was 16893571 in over 35140 trades.

The stock hit an intraday high of Rs. 23.92 and intraday low of 23.32. The net turnover during the day was Rs. 398252970.00.

Source : Equity Bulls

Keywords

YesBank INE528G01035 FundReceived OTS USD18Mn