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share: Up 13% in 2 days, YES Bank shares hit 7-month high; what's buzzing?

According to reports, JC Flower asset reconstruction company has reached a resolution with Subhash Chandra-led Essel Group to settle the outstanding dues, thereby ending a 2-year tussle between the group and YES Bank. ....

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essel group: Essel Group in talks to sell its assets to pay off debts

“The group has enough as sets to liquidate, pay off the settlement amount, get back whatever securities are pledged, and get free Dish TV and Zee Learn from JC Flowers. Dish TV s 24% stake would be valued around ₹800-900 crore,” said a banker. “The company is looking to close all transactions by Feb or March 2024.” ....

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