Yes Bank stock fell 4% following a 0.86% equity transaction
Yes Bank stock: Yes Bank shares saw a decline of 4.58 percent on February 19, reflecting a trading session where 0.86 percent of the bank’s equity changed hands.
On February 19, approximately 24.78 lakh shares worth Rs 674 crore changed hands on the exchanges.
Yes Bank shares wrapped up the trading day on the National Stock Exchange, closing 4.58 percent lower at Rs 27.1.
On February 15, the global investment firm Carlyle Group reduced its stake in Yes Bank by 1.3 percent, generating Rs 1,057 crore through an open market transaction. This divestment was conducted by Carlyle’s affiliate, CA Basque Investments, which sold 39 crore shares of Yes Bank on the Bombay Stock Exchange.
On the same day, Morgan Stanley Asia Singapore PTE executed a bulk deal, acquiring 30 crore shares of Yes Bank at Rs 27.1 apiece. This transaction, valued at Rs 830 crore, accounted for 1.06 percent of Yes Bank’s total equity.
Following the transaction, Carlyle Group’s shareholding in Yes Bank decreased from 6.43 percent to 5.08 percent. This reduction in stake amounted to the sale of approximately 39 crore shares on the Bombay Stock Exchange. Despite the divestment, Carlyle Group remains a significant shareholder in Yes Bank. The move reflects Carlyle’s strategic decisions in managing its investment portfolio.
Over the past year, Yes Bank shares have witnessed an impressive surge of 63 percent, while in the last six months alone, they have soared by 59 percent.
