Shares of Yes Bank were under pressure in early trade on Tuesday as around 3 percent equity reportedly changed hands through multiple block deals.
At 9:31 AM, shares of Yes Bank were trading at Rs 21.46 on the NSE, down 7.82 percent from the previous close of Rs 23.28. The stock hit an intraday low of Rs 21.38 so far in the session.
Sources indicate that a private equity (PE) investor is likely the seller in these block deals executed today. The identity of the buyer(s) is yet to be confirmed.
Market participants are closely watching the stock as heavy volumes continue to be recorded on the counter.
