Yes Bank has, pursuant to invocation of pledge of shares, acquired around 9.49 lakh equity shares having nominal value of Rs 10 per share, constituting around 20.61% of the post-issue paid-up share capital as at September 30, 2019, of a listed company, namely, Tulip Star Hotels. The shares have been acquired upon invocation of pledge of shares and this is a one-time transaction.
Tulip Star Hotels (TSHL) is a holding company owning 50% stake in V Hotels, which in tum, operates prime hotel property in Juhu, Mumbai.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
