Comments
Anchor investor Bay Tree India Holdings I LLC has sold over 2 per cent stake in YES Bank through open market transactions.
According to a regulatory filing, Bay Tree India Holdings I LLC, which held 7.48 per cent stake in YES Bank earlier, sold 52.15 crore shares representing 2.08 per cent of equity stake in multiple tranches between January 6 and May 6, 2021.
Post the sale, stake of Bay Tree India Holdings I LLC in YES Bank stands at 5.40 per cent.
In July 2020, YES Bank garnered ₹4,098 crore from anchor investors, a day ahead of its follow-on public offering.
Bay Tree India Holdings I, owned by Tilden Park, was the largest anchor investor, investing ₹2,250 crore in YES Bank for an allocation of 1,87,50,00,000 (7.48 per cent) shares.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.