| Malaysia’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 |