YES BANK BINDING OFFER ! MEANING OF BINDING OFFER.
Yes Bank Limited derives most of its revenues through arranging syndicated loans and through corporate banking. It operates as three entities – Yes Bank, Yes Capital and Yes Asset Management Services.As per the banks website as well as information published, these are bifurcated as
- Corporate and Institutional Banking
- Commercial Banking
- Investment Banking
- Corporate Finance
- Financial Marketing
- Retail Banking
A Binding Offer refers to an offer made by a bidder to acquire a seller or company or also its a contract between the bidder and seller
YES BANK is been bidded by the S.P Global partners
hong kong based SPGP Holdings shown interest is around bidding 1.2 billion
Also read :https://www.shoutmeloud.com/blog
Yes bank has arranged meeting with board of director on 1st november 2019 to take decision of acceptance of offer from SPGP HOLDINGS
After the spreading of this news share has been increased by 30% to 70%
All the news is not confirmed it is from other sources
share market of yes bank is been now experiencing a super growth in share
sources:wikipedia