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Yes Bank shares down 4% after 0.86% equity change hands

Around 24.78 crore shares worth Rs 674 crore changed hands on February 19 on the exchanges.

February 19, 2024 / 04:11 PM IST
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Yes Bank shares were down 4.58 percent on February 19 after 0.86 percent of the bank's equity changed hands during the trading session.

Around 24.78 crore shares worth Rs 674 crore changed hands on February 19 on the exchanges.

Yes Bank shares closed 4.58 percent lower at Rs 27.1 on the National Stock Exchange.

Global investment firm Carlyle Group on February 15 pared a 1.3 percent stake in Yes Bank for Rs 1,057 crore through an open market transaction. The US-based Group, through its affiliate CA Basque Investments, offloaded 39 crore shares of Yes Bank on the Bombay Stock Exchange.

While, on the same day, Morgan Stanley Asia Singapore PTE via a bulk deal bought 30 crore shares of Yes Bank for Rs 27.1 apiece. The deal transaction amounted to Rs 830 crore, which made up 1.06 percent of the total equity of Yes Bank.

After this, Carlyle Group's shareholding declined to 5.08 percent from 6.43 percent stake in Yes Bank.

Yes Bank shares have gained 63 percent in the last one year and 59 percent in the last six months.

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Moneycontrol News
first published: Feb 19, 2024 03:40 pm

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