Shares of Yes Bank rallied over 8 per cent on Monday on prospects of fresh investments in the company.
Shares of the private sector lender settled 8.19 per cent higher at Rs 45.60 on the BSE. Intra-day, the stock gained as much as 10.79 per cent at Rs 46.70.
On the NSE, the stock closed 7.59 per cent up at Rs 45.35. During the day, the scrip gained 11.03 per cent at Rs 46.80.
The market capitalisation of the lender increased by over Rs 1,860.7 crore to Rs 11,629.51 crore.
According to media reports, Yes Bank was in talks with technology companies and PE investors for strategic investment.
A media report claimed that the bank was in talks with Microsoft Corp and two other tech companies to rope them in as strategic investors as part of its efforts to raise capital.
Stock exchanges also sought clarification from Yes Bank over the reports.
Replying to the clarification, Yes Bank said it is "not aware of the source, which resulted in the above mentioned news item and as a matter of policy, the Bank would not like to cormnent on such article."
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