Need Quick Access to Cash with Zero Paperwork?
Check Best Offers
First Abu Dhabi Bank statedthat it is not considering any potential offer to acquire a stake in Yes Bank Ltd, according to media reports.

According to a recent Bloomberg report citing persons with knowledge of the situation, First Abu Dhabi Bank PJSC was one of the possible suitors for a roughly $5 billion stake in Yes Bank Ltd. The Middle Eastern lender was considering an offer for up to a 51% share in Yes Bank, according to the news report.

As per Bloomberg new report, there has been early interest in the share sale from Japanese companies, such as Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. However, it is unknown if these companies would move forward with the offer or how strong their desire is for a deal.

Xiaomi is launching 5 new products in India on July 9: Full list of launches.