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YES Bank hits fresh 6-year low on nearly 2% stake sale by promoter

YES Capital, part of the promoter group of YES Bank, sold 1.8 per cent shareholding in the bank for around Rs 240 crore.

YES Bank Photo: Reuters
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YES Bank Photo: Reuters

SI Reporter Mumbai
Shares of YES Bank hit a fresh six-year low of Rs 48.50, down 5 per cent on the BSE in the intra-day deals on Friday after YES Capital, one of the promoter entities of the private lender, sold nearly 2 per cent stake in the bank.

“YES Capital (India) Private Ltd (“YCPL”), part of the promoter group of YES Bank, has today sold 1.8 per cent shareholding in the Bank,” YES Bank said in a press release on Thursday after market hours.

In a regulatory filing on Wednesday, YES Bank said “the bank has received strong interest from

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First Published: Sep 27 2019 | 9:41 AM IST

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