ICICI Bank to invest Rs 1,000 cr in Yes Bank

ICICI Bank said its board has approved investing Rs 1,000 crore in Yes Bank. ICICI Bank board approves to acquire 100 crore equity shares in Yes Bank at ₹10 per share, the lender said.

"This investment is likely to result in ICICI Bank Limited holding in excess of 5% shareholding in Yes Bank Ltd," the lender said in a regulatory filing.