Yes Bank acquires over 9% stake in Eveready

Private sector lender Yes Bank Thursday said it has acquired over 9 per cent shares of battery maker Eveready by invoking pledged shares following loan default by a group company. "Yes Bank, pursuant to invocation of pledge of shares, acquired 68,80,149 equity shares... constituting 9.47 per cent of the post-issue paid-up share capital as at July 3, 2019, of Eveready Industries India Ltd," Yes Bank said in a regulatory filing.