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The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs2 crore on former Yes Bank managing director (MD) and chief executive officer (CEO) ....
The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs2 crore on former Yes Bank managing director (MD) and chief executive officer (CEO) ....
Synopsis Yes Bank aims to cut expenses by more than 20% by relocating its offices from the central business district to new locations to rationalise cost, people in the know said. Agencies Private lender Yes Bank will give up its entire leased space in Indiabulls Finance Centre in central Mumbai and occupy the erstwhile Anil Dhirubhai Ambani Group headquarters at Santacruz as early as next week, bringing down its operational and rental costs substantially. “It will be a lock-stock-barrel move out of the Indiabulls-owned building… This will save the lender at least a few hundred crores in annual rent,” an industry official aware of the development told ET. “It’s also renegotiating rent and shutting several branches to substantially reduce operational expenses.” ....
Firms/companies > R > Reliance Industries Reliance Infra sells its Mumbai headquarters to Yes Bank for Rs1,200 cr in debt redumption 05 April 2021 The Anil Ambani-led Reliance Infrastructure has sold Reliance Centre, the premises housing the group’s headquarters, to Yes Bank for Rs1,200 crore as part of a debt repayment process. Reliance Infrastructure Limited (RInfra) and Yes Bank Limited (Yes Bank) on Thursday announced the sale transaction of Reliance Centre, Santacruz, Mumbai to Yes Bank. The transaction value is Rs 1,200 crore, Reliance said in a stock exchange filing. “Entire proceeds from the sale of Reliance Centre, Santacruz, is utilized only to repay the debt of Yes Bank”, as per the stock exchange filing. ....
RInfra s Reliance Centre sold to Yes Bank for Rs 1,200 cr With this, Reliance Infrastructure (RInfra) has closed three major transactions in the last 90 days including sale of a road asset. Anil Ambani Anil Ambani-backed Reliance Infrastructure on Thursday announced sale of Reliance Centre, Mumbai to Yes Bank for Rs 1,200 crore. With this, Reliance Infrastructure (RInfra) has closed three major transactions in the last 90 days including sale of a road asset. RInfra and YES Bank Limited (YES Bank) announced a sale transaction of Reliance Centre, Santacruz, Mumbai to YES Bank, the company said in a statement. The transaction value is Rs 1,200 crore, it said. ....