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Yes Bank shares tank after ₹2,022 crore block deal; PE firm likely seller: Exclusive

Published on 03/06/2025 09:47 AM

Yes Bank shares tank after ₹2,022 crore block deal; PE firm likely seller: ExclusiveYes Bank is also in focus today ahead of its board meet to consider fund raising proposals.By Nimesh Shah    | Hormaz Fatakia   June 3, 2025, 9:47:52 AM IST (Published)2 Min ReadShares of Yes Bank Ltd. fell as much as 7.5% on Tuesday, June 3, after a large trade took place in the stock.

As many as 9.4 crore shares of the Mumbai-based private lender changed hands in the transaction that took place in the early minutes of the trading session on Tuesday.

The number of shares that changed hands, amount to 3% of the outstanding equity in the stock.

Shares changed hands at an average price of ₹21.5 per share, which takes the total transaction value to ₹2,022 crore.

According to sources in the know who spoke to CNBC-TV18, a leading Private Equity firm is likely to be the seller in the transaction.

According to the March quarter shareholding pattern, CA Basque Investments, owned by the Carlyle Group, had a 6.84% stake in the lender, while Verventa Holdings, who is an affiliate of Advent International, had a 9.2% stake in the lender.

Yes Bank is also in focus today ahead of its board meet to consider fund raising proposals. Sumitomo Mitsui Banking Corporation (SMBC) had acquired a 20% stake in the lender recently, from the consortium of lenders led by State Bank of India, who had rescued the bank from a liquidity crisis in 2020.

Shares of Yes Bank are down 8% on Tuesday at ₹21.46. Ahead of today's trading session, the stock had risen 30% in the last one month.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsblock dealshare market todayYES BankYes Bank Share PriceYes Bank Shares