Yes Bank touches roof on divesting over 8% stake in CG Power
Yes Bank is currently trading at its upper circuit limit of Rs. 15.78, up by 0.75 points or 4.99% from its previous closing of Rs. 15.03 on the BSE.
The scrip opened at Rs. 15.45 and has touched a high and low of Rs. 15.78 and Rs. 15.34 respectively. So far 25917632 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 87.95 on 18-Mar-2020 and a 52 week low of Rs. 5.55 on 06-Mar-2020.
Last one week high and low of the scrip stood at Rs. 17.16 and Rs. 13.85 respectively. The current market cap of the company is Rs. 39536.64 crore.
The Institutions holding in the company stood at 70.77% and Non-Institutions held 29.23%.
Yes Bank has divested more than 8 per cent stake worth over Rs 75 crore in CG Power and Industrial Solutions through open market transactions. The lender offloaded 5.18 crore shares worth over Rs 75 crore through the BSE and the NSE, as per bulk deal data. The quantum of shares amount to 8.28 per cent shareholding in the company.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.