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Bidders' insistence on 51% stake in Yes Bank may jeopardise stake buy: Source

By Economic Times - 2 months ago
Efforts to finalize a stake purchase in Yes Bank are at risk due to bidders' insistence on acquiring a 51% ownership, according to sources. The Reserve Bank of India (RBI) is reportedly uneasy about allowing a foreign entity such a large stake in the bank, complicating negotiations. Current regulations cap ownership at 26%, with any higher stake requiring a timeline to reduce it.

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