Money & Banking

Rakesh Jhunjhunwala buys 0.59% in YES Bank

Our Bureau Chennai | Updated on November 05, 2019

Rakesh Jhunjhunwala bought a 0.5 per cent stake in YES Bank for ₹86 crore on Monday. According to a bulk deal data on the BSE, Jhunjhunwala bought 1.29 crore shares of YES Bank at ₹67 apiece. However, the sellers’ identity is not known immediately.

Last week, YES Bank said it had received a binding offer from a global investor to inject as much as $1.2 billion (₹8,520 crore).

The planned capital infusion will be through a fresh issue of shares and is subject to regulatory approvals, the bank said in an exchange filing.

Shares of YES Bank on Monday closed 0.75 per cent lower at ₹66.1, after swinging between ₹59.95 and ₹71.35 on the BSE.

Published on November 04, 2019

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like