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Big Bull Rakesh Jhunjhunwala takes a 0.5% stake in YES Bank for Rs 86 crore

The bank has lately seen some recovery in its share price after informing exchanges that it had a binding offer from a global investor for an investment of $1.2 billion

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Rakesh Jhunjhunwala | YES Bank

Jash Kriplani  |  Mumbai 


Ace investor Rakesh Jhunjhunwala bought a 0.5 per cent stake in troubled private-sector lender YES Bank for Rs 86 crore on Monday. Data from exchanges showed that Jhunjhunwala bought 12.9 million shares of YES Bank at price of Rs 67 apiece in a bulk deal on the BSE.

The bank has lately seen some recovery in its share price after informing exchanges that it had a binding offer from a global investor for an investment of $1.2 billion. An infusion of capital would come as a much-needed relief for the bank, with its capital adequacy ratio barely above the regulatory requirements, as of ...

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First Published: Mon, November 04 2019. 19:18 IST

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