Mon. Jan 20th, 2020

Jhunjhunwala’s Investment In Yes Bank Causes Disturbance, Shares Down by 10%

If media reports are to be believed, then veteran investor Rakesh Jhunjhunwala can shock Yes Bank in the days to come. Actually, Jhunjhunwala had planned an investment of $ 25 million in the Yes Bank. But now it is news that he may cancel this plan. If this happens, it will be a big blow for the Yes Bank.

Meanwhile, there is also news that a Canadian billionaire Erwin Singh Braich had offered an investment in Yes Bank, but the bank can turn it down this offer. According to media reports, the property of Erwin Singh Braich is doubtful. This is the reason why the Yes Bank may refuse this offer. The decision on this may be taken in the board meeting of the bank. These reports had an impact on the bank’s stock and shares of Yes Bank fell 10 percent to close at Rs 50.55. During the business, the bank’s shares fell by 14 percent.