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Yes Bank has subscribed 8 percent stake in Receivables Exchange of India Limited (RXIL).
Yes Bank has said in a BSE filing that “It has executed a share subscription and shareholders’ agreement agreeing to subscribe for 20,00,000 equity shares of RXIL.”
According to the bank the subscription is equivalent to 8 percent of the post issue paid-up capital of RXIL.
RXIL is a joint venture company set up by NSE Strategic Investment Corporation Limited and Small Industries Development Bank of India (SIDBI).
