CCI approves acquisition of equity securities amounting up to 10% in YES Bank by Verventa Holdings

The Competition Commission of India (CCI) approves acquisition of equity securities amounting up to 10% in YES Bank by Verventa Holdings

Verventa Holdings Ltd. (Acquirer) is an investment holding company. Currently, it does not have any operations in India.

YES Bank Limited (Target) is a banking company engaged in providing a wide range of banking and financial services.

The Commission approved the Proposed Combination relating to the acquisition of equity securities amounting to up to 10% of the total paid up share capital and voting rights of the Target by the Acquirer (Proposed Combination).

Detailed order of the CCI will follow.

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