According to bulk deal data available on the NSE, US-based investment firm Carlyle Group has sold 59,40,00,000 shares, or around 2% of its interest in YES Bank, through a block sale at a price of Rs 24.27 per share. The deal has a value of Rs 1,441.63 crore. At a cost of Rs 24.26 a share, Goldman Sachs (Singapore) PTE purchased 36,92,43,945 shares in the meantime . The anticipated value of the sale is Rs 895.78 crore.
On Thursday, Yes Bank announced that it had received a demand order for service tax, with a penalty of more than Rs 6.42 million. The lender stated in a regulatory filing that the Bank has received an order from the Office of the Commissioner of GST & Central Excise, Maharashtra on May 02, 2024, confirming tax liability on a service tax issue along with interest and levy of a penalty of Rs 6,41,84,437.
The Bank has received an order from the Office of the Commissioner of GST & Central Excise, Maharashtra on May 02, 2024, confirming tax liability on a service tax issue along with interest and levy of a penalty of Rs 6,41,84,437,” the lender stated in a regulatory filing.
For Rs 1,057 crore, the international investment firm Carlyle Group sold a 1.3% share in Yes Bank, a lender serving the private sector, in February of this year. A 1.23 percent stake in the Mumbai-based lender was acquired by Goldman Sachs (Singapore) Pte – ODI through the purchase of more than 36.92 crore shares.
With the acquisition of the shares at an average price of Rs 24.26 per share, the deal value increased to Rs 895.78 crore.
It stated that the demand for taxes and interest is less than the present material threshold limit that the bank is subject to. Yes Bank stated ,The bank does not expect any material impact on financial, operation or other activities of the bank due to the said order. It added, the bank does not expect any material impact on financial, operation or other activities of the bank due to the said order. The bank will pursue an appeal against the order, it added.
Yes Bank’s shares
