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Shares of Yes Bank came under massive selling pressure on Thursday, tumbling by over 9 per cent and wiping out ₹ 4,642 crore from its market valuation.
The stock dived 9.14 per cent to end at ₹203.20 on BSE. Intra-day, it slumped 9.68 per cent to ₹ 202.
At NSE, shares of the company plunged 9.16 per cent to close at ₹ 203.25.
The company’s market valuation fell by ₹4,642.47 crore to ₹ 46,924.53 crore on BSE.
The stock was the worst hit among the blue-chips on both the key indices.
In terms of equity volume, 57.98 lakh shares of the company were traded on BSE and over 9 crore shares changed hands at NSE during the day.
Shares of Yes Bank rose by nearly 2 per cent on Wednesday, a day after the company’s board decided to seek at least a three-month extension from RBI for its MD and CEO Rana Kapoor beyond January 31, 2019.
The RBI had last week curtailed the three-year term that the board had sought for Kapoor, also one of the promoters of the bank, to January 31, 2019, and asked the bank to find a replacement.
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