Shares of Yes Bank surged 2% in early trade on the back of a large block deal that took place in the stock. The stock was up 1.7% at Rs 29.20 as of 9:50 AM. More than 39 crore shares or 1.39% equity changed hands in the block deal, with a total worth of Rs 1,130 crore. According to sources of CNBC Awaaz, Carlyle (CA Basque) sold a large chunk of their investment via the block deal today.
Back in 2022, Carlyle had invested in the stock at Rs 13.78 per share. As of the latest shareholding pattern, CA Basque held 6.43% stake in the bank. According to the CNBC Awaaz report, their investment has almost doubled as shares of Yes Bank surpassed Rs 30 in the last few days.
