Amid reports that a US-based PE firm is leading a four-member consortium to pick stake in the private lender, shares of YES Bank rallied 5 per cent in Monday’s trade.
The bank has currently received an $850 million-term sheet offer over the weekend by the marquee PE investor. As per the reports, the consortium comprises of two US-based PE investors and two domestic investors.
YES Bank is in the final stage of stake sale, and the announcement is likely after June quarter results on July 17.
Following the report, the stock jumped 5.46 per cent to hit a high of Rs 99.30 on BSE.
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The lender last week said its financial position is sound and stable and its liquidity and operating performance continue to be healthy, it told stock.