Yes Bank Sells Asset Management, Mutual Fund Businesses To White Oak Investment

Troubled private lender Yes Bank on Friday finalised an agreement for the sale of 100 per cent equity shareholding of Yes Asset Management and Yes Trustee to GPL Finance and Investments which is 99 per cent owned by White Oak Investment Management. According to the documents, the ultimate beneficial holder of the purchaser is Prashant Khemka who owns 99.99 per cent of White Oak Investment Management. The transaction is subject to req...