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CosmicTaco
CosmicTaco
Grapevine

MUFG Eyes Majority Stake in Yes Bank

  • MUFG is the frontrunner to acquire a majority stake in Yes Bank, overcoming regulatory voting rights cap.
  • Sumitomo Mitsui and Emirates NBD dropped out due to the 26% voting rights cap.
  • MUFG has begun due diligence, advised by JP Morgan.
  • Yes Bank shares fell 2.4% amid global market turmoil.
  • MUFG may buy more than 26% to trigger an open offer, despite the voting cap.

Source: Mint, The Economic Times

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Value Investors

Which stocks according to you are undervalued and why(Ind and US stocks)

For me - Meta, Weibo and alibaba are significantly undervalued.(All US listed)