YES Bank has bought over 5% stake in Institutional Investor Advisory Services (IiAS), an investor advisory firm. The bank bought the shares from the market. It said in a regulatory filing that it has acquired 5,00,750 equity shares of IiAS, which is equivalent to 5.006% of the paid-up capital of the company. IiAS is a proxy advisory firm, which provides independent opinion, research and data on corporate governance issues to the participants in the Indian market. It also provides voting recommendations on shareholder resolutions to the market participants.
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