YES Bank stock ends 32% higher on rescue plan; SBI to pick 49% stake

"YES Bank has 255 crore shares of Rs 2 per share. SBI will be issued 245 crore shares at a price of Rs 10 per share for Rs 2,450 crore," SBI said in a press release.

Shares of YES Bank gained 41 per cent to Rs 22.80 on the National Stock Exchange (NSE) on Monday in intra-day deals, after the government-owned State Bank of India (SBI) said it will pick a 49 per cent stake in the troubled private lender as part of a revival scheme framed by the Reserve Bank of India (RBI) on Friday.

With Monday's intra-day gain, the stock has climbed 300 per cent from its record low of Rs 5.65 touched on Friday, March 6. The stock had tanked 98 per cent from its 52-week high level of Rs 286 hit