Know which American company sold its stake in Yes Bank, received more than Rs 14 billion for only 2%
On May 3, Carlyle Group on Friday sold about two percent stake in private sector Yes Bank for Rs 1441 crore through an open market transaction. US-based Carlyle Group, through its subsidiary CA Basque Investments, sold its stake in Yes Bank through a bulk deal on the National Stock Exchange (NSE).
Yes Bank shares have been in the news for some time in the stock market. Only last week the quarterly results of the bank were released in which it had made huge profits. Due to this, there was a strong rise in bank shares on Monday this week. Now an American company has sold its stake in Yes Bank.
On May 3, Carlyle Group on Friday sold about two percent stake in private sector Yes Bank for Rs 1,441 crore through an open market transaction. US-based Carlyle Group sold its stake in Yes Bank through a bulk deal on the National Stock Exchange (NSE) through its subsidiary CA Basque Investments.
According to NSE data, CA Basque Investments sold 59.40 crore shares in Yes Bank, which is a 1.98 percent stake. These shares were sold at an average price of Rs 24.27 per share.
As a result, Rs 1,441.64 crore was the entire transaction value. Carlyle Group's holding in Yes Bank dropped from 9.11% to 7.13 percent following this transaction. In the meantime, around 36.92 crore Yes Bank shares have been purchased by Goldman Sachs Singapore Pte. Information about other buyers could not be found.
