Yes Bank shares rise despite Carlyle Group offloads stake

On February 16, shares of Yes Bank saw a modest gain of 1.21 percent, reaching Rs 29.35 per share. This uptick followed news of Carlyle Group’s sale of a 1.35 percent stake in the bank, amounting to Rs 1,056 crore, through an open market transaction at an average price of Rs 27.1 apiece.

Bulk deal data revealed that the US-based group, via its affiliate CA Basque Investments, divested 39 crore shares in Yes Bank. CA Basque Investments, a special purpose vehicle owned by CA Marans Investments and managed by affiliates of The Carlyle Group, orchestrated the transaction.

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Interestingly, Morgan Stanley Asia emerged as the buyer, acquiring 30 crore shares in Yes Bank at the same price, totaling a stake valued at Rs 830.08 crore.

As of 10:08 am, Yes Bank’s shares were trading 1.03% higher at ₹29.30, reflecting investor sentiment following this significant transaction.