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Rana Kapoor sells entire Yes Bank stake; holds shares worth Rs 57,600

The bank's stock has fallen 65% to Rs 64.15 a share, this year to date

Rana Kapoor
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File photo of Rana Kapoor

Anup Roy Mumbai
Yes Bank founder Rana Kapoor is virtually out of Yes Bank now, holding just 900 shares worth less than Rs 60,000.

Kapoor, with his brother in law Ashok Kapur and others, set up Yes Bank in 2003, holding 26 per cent in the bank. Now his stake is close to zero percent after holding company Yes Capital (India) Pvt Ltd sold 2.04 crore shares worth Rs 142.75 crore.

He had compared Yes Bank shares with diamonds in September last year.

"Diamonds are Forever: My Promoter shares of @YESBANK are invaluable to me,” Kapoor had tweeted. “I will eventually bequeath my