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Yes Bank Shares Plummet 4% After 24.78 Crore Shares Changed Hands via Block Deal 

The buyers and sellers involved in this deal are yet to be identified.

Shares of Yes Bank slipped 4% on 19 February after 24.78 crore shares of the bank changed hands on the bourses.

Around 24.78 crore shares, representing 0.86% of the bank’s equity, changed hands on the exchanges for a total deal value of Rs 674 crore.

The buyers and sellers involved in this deal are yet to be identified.

On 15 February, global investment firm Carlyle Group pared a 1.3% stake in the bank for Rs 1,057 crore via an open market transaction. The US-based CA Basque Investments paired with 39 crore shares of Yes Bank on the Bombay Stock Exchange (BSE).

On the day, Morgan Stanley Asia Singapore PTE acquired 30 crore shares via a bulk deal of Yes Bank for an average price of Rs 27.1 per share, taking the total deal amount to Rs 830 crore, representing 1.06% of the total equity.

Furthermore, Carlyle Group also reduced its stake in the bank to 5.08% from 6.43%.

In six months, the shares of the bank have given a return of more than 59% and have given a return of around 63% in the last year.

At 3:30 pm, the shares of Yes Bank closed 4.58% lower at Rs 27.10 on NSE.

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