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Yes Bank shares fall 9% on SMBC update, fundraising eyed
The Business Guardian
|June 04, 2025
The shares of Yes Bank tumbled nearly 9 percent on June 3 after a large block deal involving 3 percent equity stake in the company reportedly took place.
The shares of the private lender were trading at Rs 21.26 apiece in the morning, snapping a three-day gaining streak. Nearly 9.4 percent shares, representing 3 percent stake in Yes Bank, exchanged hands in a large block deal at an average price of Rs 21.5 per share, CNBC-TV18 reported.
This takes the total value of the transaction to Rs 2,022 crore. The report added that a leading private equity firm was likely the seller in the transaction.
Moneycontrol couldn't independently verify the report.
This story is from the June 04, 2025 edition of The Business Guardian.
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