The bank has offered a Rs 4,000-4,500 crore credit line to Nirma through a combination of loans.
Yes Bank has given the largest commitment among a consortium of banks to Nirma-Lafarge deal, according to reports.
Reports say that the bank has offered a Rs 4,000-4,500 crore credit line to Nirma through a combination of loans and bonds for a 10-year period at an aggressive 9.5-10 per cent rate.
Nirma is likely to fund the buyout largely through borrowed funds.
Yes Bank Ltd is currently trading at Rs. 1156.25, up by Rs. 2.65 or 0.23% from its previous closing of Rs. 1153.6 on the BSE.
The scrip opened at Rs. 1152 and has touched a high and low of Rs. 1160.85 and Rs. 1149 respectively. So far 408396(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 48585.41 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1185.65 on 15-Jul-2016 and a 52 week low of Rs. 590 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 1185.65 and Rs. 1138.5 respectively.
The promoters holding in the company stood at 21.91 % while Institutions and Non-Institutions held 65.51 % and 12.58 % respectively.
The stock is currently trading above its 50 DMA.
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