Money & Banking

Madhu Kapur sells YES Bank shares worth ₹161 crore

Our Bureau Mumbai | Updated on March 18, 2020 Published on March 18, 2020

Madhu Kapur sold 2.48 crore shares in YES Bankon Wednesday, as per bulk deal data on the NSE. She held more than 17 crore shares prior to Wednesday’s sale. The share price of YES Bank, which had touched a low of ₹5.6 this month, rose to touch a high of ₹87 on Wedesdnay. At the selling price, Kapur managed to raise more than ₹161 crore.

As per an RBI-approved restructuring scheme, SBI has picked up 49 per cent stake in the company. Other investors, including Kotak Bank and HDFC, too, picked up stake. But as per the scheme, 75 per cent stake in the company is locked for three years. Of the more than 17 crore shares she held, Kapur, too, would be able to sell only around 4 crore shares in the bank as the rest of her holding with stay locked in.

After the restructuring scheme, the shareholding of promoter Madhu Kapur and family has reduced from 8.33 per cent to 1.68 per cent.

Published on March 18, 2020
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