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Paytm Looking To Pick Up A Stake In Yes Bank For Rs. 2000 Crore: Reports
Paytm CEO Vijay Shekhar Sharma’s banking dreams didn’t quite come to fruition with Paytm Payments Bank. He’s now looking to up the ante with something much bigger. Paytm’s parent company, One97 Communications, is in preliminary discussions to pick up a stake in private lender Yes Bank, multiple outlets have reported. Paytm will buy the stake from Yes Bank founder Rana Kapoor, who along with his family owns a 9.64 percent stake in the bank. The...