YES Bank founder Rana Kapoor is virtually out of the 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 per cent after the holding company YES Capital (India) sold 20.4 million 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 @YESBANK promoter shares to my three daughters and subsequently to their children, with a request in my Will stating not