New Delhi: Private sector lender Yes Bank said country’s leading public sector insurer LIC has bought close to 5% stake in the bank from the open market. On the fresh stake, LIC’s stake in the bank increases to 4.9 per cent from 0.75%, said the bank in a regulatory filing.
The trusted insurance player bought 105.98 crore shares, equivalent to 4.23 per cent stake from the open market, the filing added. Now, the insurer company has a total holding of 125 crore shares of Yes Bank. The period of acquisition is between September 21, 2017, and July 31, 2020, it said.
