Yes Bank has exited CG Power & Industrial Solutions Ltd (CG Power) by selling its entire stake-holding in the company, the bank said on Wednesday.
Yes Bank has sold 6,34,00,000 equity shares having nominal value of Rs 2 each, constituting 10.12 percent of the share capital of CG Power in various tranches, last being on August 18, 2020, the private sector lender said in a regulatory filing.
“It may be noted that the bank has sold entire shares held by the bank and after the aforesaid disposal of shares, the bank now holds nil shares of CG Power,” Yes Bank said.
