Nureca Limited — JV/Acquisition, 06-12-2024: Acquisition

Nureca Limited has acquired 460,000 equity shares of Yes Bank Limited for a total consideration of Rs. 96.79 Cr. This acquisition represents a strategic move to expand its investments in the financial services sector, aligning with Nureca's broader business objectives. Yes Bank, incorporated in 2003, recorded a turnover of Rs. 2,75,859.40 Mn in 2024, showcasing its significant market presence. The deal, executed via the open market, does not involve related party transactions, enhancing its strategic independence. Overall, this acquisition is expected to bolster Nureca's financial portfolio and provide additional growth opportunities.