Khazanah sells 4.2% in Yes Bank

Khazanah Nasional,the sovereign investment fund of Malaysian government,has sold its 4.2 per cent holdings in Yes Bank for $110 million,raking in a good profit over the past five years

Written by Express News Service | Mumbai | Published: March 13, 2012 1:31:51 am

Khazanah Nasional,the sovereign investment fund of Malaysian government,has sold its 4.2 per cent holdings in Yes Bank for $110 million (about Rs 550 crore),raking in a good profit over the past five years.

With this,the foreign holding in private lender has fallen below 50 per cent. One of the leading foreign investors in the bank include the Netherlands’ largest retail bank Rabobank with a 4.8 per cent stake.

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