New investors welcome: Yes Bank
If Dutch investor Rabobank International Holding BV exits Yes Bank now, it stands to make handsome gains from its 15.9 per cent holdings.india Updated: Jun 13, 2010 23:03 IST
If Dutch investor Rabobank International Holding BV exits Yes Bank now, it stands to make handsome gains from its 15.9 per cent holdings.
Kapoor was speaking to reporters in Kolkata after the bank’s foray into the eastern and North-eastern parts of the country. Of late, Yes Bank’s shares have been north bound amid a buzz that Rabobank is preparing to exit from Yes bank.
The timing of the exit, eventually, would depend upon the management of the Dutch investment bank, feels Yes Bank’s founder managing director and CEO Rana Kapoor.
Rabobank’s holdings in Yes Bank are up about $300 million (about Rs 1,400 crore) since the private sector Yes Bank’s inception in late 2004.
Terming Rabobank as an important but passive investor, Kapoor said its eventual exit might bring in a clutch of investors, which would eventually add “velocity” to Yes Bank’s scrip on the exchanges.
Kapoor also added that ideally 4-5 new investors in Yes Bank should replace Rabobank as that would unlock shareholders value by adding more liquidity to the stock.
Kapoor ruled out inorganic growth as Yes Bank embarks on a 3-year expansion drive.