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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Khazanah exits YES Bank via $110-mn block deal‎

Posted on 13 March 2012

Rana KapoorMalaysia’s state investment arm, Khazanah Nasional, on Monday sold its entire holding in private sector lender YES Bank for about $110 million through block deals.
As on December 2011, Titiwangsa Investments Mauritius, an investment arm of Khazanah, held 14.7 million shares in Mumbai-based YES Bank. Khazanah had purchased the shares through secondary market in 2007 and had monetised its entire holding of 4.17 per cent, at approximately two-and-a-half times their original investment value,” YES Bank said in statement………………………………………..Full Article: Source


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