Nifty Bank Rejig: Yes Bank, Union Bank shares set for millions in inflows as new entrants

Yes Bank’s cumulative inflow is estimated to be $140 million for over 550 million shares and Union Bank is set to receive inflows worth $109 million for 63 million shares. The flows will be received over four tranches over the next four months, as per Nuvama Alternative & Quantitative Research.

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