Yes Bank Ltd. — Capital/Financing Update 2021

Jun 24, 2021

YBL/CS/2021-22/0026

June 24, 2021

National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, Bandra - Kurla Complex Bandra (E), Mumbai - 400 051 Tel.: 2659 8235/36 8458 NSE Symbol: YESBANK

BSE Limited Corporate Relations Department P.J. Towers, Dalal Street Mumbai – 400 001 Tel.: 2272 8013/15/58/8307 BSE Scrip Code: 532648

Dear Sir / Madam,

Sub.: Intimation under Reg 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Listing Regulations")

We would like to inform you that YES BANK Limited ("the Bank") has transferred back on June 23, 2021, 47,83,295 equity shares having nominal value of Rs.10/- each, constituting 18.10 % of the paid-up share capital of an unlisted company, namely, Business India Publications Limited ('BIPL') which were acquired through invocation of pledge, upon extinguishment of loan.

The relevant disclosures on the Transaction pursuant to the Listing Regulations are given below:

Sr.	Particulars	Details
No.
1.	Name of the Target Company and	The turnover of BIPL was Rs. 19.57 Cr during FY
	brief details such as size, turnover	2017-18
2.	Whether the acquisition will fall	YES Bank is not a related party and the
	within related party transactions	transaction under reference is not a related party
	andwhetherthe	transaction. None of the group companies of
	promoter/promoter	YES Bank have any interest in BIPL. Earlier, the
	group/groupcompanieshave	pledge of shares was invoked on default/breach
	any interest in the entity being	of terms of credit facilities sanctioned by YES
	acquired? If yes, nature of interest	Bank Limited to BIPL and the said shares are
	and details thereof and whether	now been transferred back on extinguishment of
	the same is done at arms' length.	loan.
3.	Industry to which the entity being	Media & Entertainment
	acquired belongs

4.	Objects and Effects of acquisition	Transfer back of shares upon extinguishment of
	(disclosureofreasonsfor	loan which were acquired through invocation of
	acquisition of target entity if its	pledge on default/breach of terms of credit
	business is outside the main line	facilities sanctioned by YES Bank Limited to
	of business)	BIPL.
5.	Brief details of any governmental	Not Applicable
	or regulatory approvals required
	for the acquisition
6.	Indicativetimeperiodfor	Shares have been transferred back and this is a
	completion of the acquisition	one-time transaction.
7.	Nature of consideration	Extinguishment of loan.
8.	Cost of Acquisition or the price at	Shares were acquired through invocation of on
	which the shares are acquired	default/breach of terms of credit facilities
		sanctioned by YES Bank Limited to BIPL
9.	Numberandpercentageof	equity shares (18.10 % of47,83,295 number of
	shareholding acquired	the paid-up share capital of the BIPL)
10.	Brief background of the entity	Business India group, promoted by Mr. Ashok
	acquired(product/lineof	Advani in 1978, is/was into publication of
	businessacquired,dateof	business news magazines. Its initiative started
	incorporation/historyoflast	with launch of "Business India" magazine
	three years turnover)	under partnership firm, whose business was
		transferred in 1997, to a newly incorporated
		company "Business India Publications Ltd"
		('BIPL'). BIPL was classified as NPA by Yes
		Bank on May 30, 2014 as per RBI guidelines.

This is for your information and appropriate dissemination.

Thanking you,

Yours faithfully, For YES BANK LIMITED

Shivanand R. Shettigar Group Company Secretary