Yes Bank has informed that Bank has executed a Share Subscription and Shareholders Agreement agreeing to subscribe for 2,000,000 equity shares of Receivables Exchange of India Limited (RXIL) which is equivalent to 8% of the post-issue paid-up capital of RXIL, as per the terms of the aforesaid agreement. RXIL is a joint venture company setup by NSE Strategic Investment Corporation and Small Industries Development Bank of India.
The above information is a part of company’s filings submitted to BSE.
