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Yes Bank shares gain nearly 3% as co hires Korn Ferry to assist search panel for new CEO

Press Trust of India  |  New Delhi 

Shares of Friday gained nearly 3 per cent after the company appointed US-based Ferry to assist an expert panel searching for a successor to outgoing MD and

The scrip rose 2.79 per cent to end at Rs 246.70 on BSE. Intra-day, it jumped 6 per cent to Rs 254.60.

At NSE, shares of the company gained 2.60 per cent to close at Rs 246.45.

In terms of equity volume, 38.82 lakh shares of the company were traded on BSE and over 4 crore shares changed hands at NSE during the day.

The had invited proposal from four global leadership advisory firms specialising in and to assist its five-member expert committee in identifying a new

Kapoor, the founder and promoter of the bank, has been asked by the Reserve to step down after January 2019.

Based on assessments and presentations made by these global advisory firms, the Search and has mandated Ferry to assist the committee in evaluating candidates, said in a statement Thursday.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 12 2018. 18:10 IST