Adani Electricity Mumbai Ltd, branch of Adani Company has sold shares of Yes Bank worth Rs.202 Crore through open market transaction on Thursday.
Adani Electricity Company holds 15 crore shares at Rs. 13.45 per piece.
Earlier Moody’s Investor Services upgraded Yes Bank’s profile from Caa1 to B3. It is done after Yes Bank was able to raise Rs. 15,000 crore in public offer in July.
Yes Bank reported a 60% year-on-year decline in its standalone profit for the June quarter to ₹45 crore while net interest income declined 16.3% to ₹1,908 crore from ₹2,281 crore a year ago.
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Yes Bank shares