Carlyle Group divested nearly a 2 percent stake in Yes Bank for Rs1,441 crore through an open market transaction.

Economy Business

Carlyle Group divested nearly a 2 percent stake in Yes Bank for Rs1,441 crore through an open market transaction. US-based Carlyle Group, through its affiliate CA Basque Investments, offloaded shares in Yes Bank through a bulk deal on the National Stock Exchange (NSE). As per the data, CA Basque Investments sold 59.40 crore shares, amounting to a 1.98 percent stake in Yes Bank. The shares were disposed of at an average price of Rs24.27 apiece, taking the transaction value to Rs1,441.64 crore. After the stake sale, the Carlyle Group's shareholding in Yes Bank has declined to 7.13 percent from 9.11 percent.


      In February 2024, global investment firm Carlyle Group pared a 1.3 percent stake in private sector lender Yes Bank for Rs1,057 crore.

     

     

 

     


Yes Bank

CEO- Prashant Kumar
HQ- Mumbai
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