Banking & FinanceFinanceFinanceInFocusNews

13 Lakh Shares of Reliance Capital Sold By Yes Bank

Sharing is caring!

Yes Bank sold more than 13 lakh shares of Reliance Capital for over Rs 2 crore through an open market transaction.

According to bulk deal data available with the National Stock Exchange (NSE), the private sector lender sold 13,21,166 shares at an average price of Rs 16.39 apiece, valuing the transaction at Rs 2.16 crore.

However, the buyer of the shares could not be ascertained.

On the NSE, shares of Reliance Capital Ltd ended 4.96 per cent lower at Rs 16.3.

In October, Reliance Nippon Asset Management Company had directed its trustees to sell the remaining shares pledged by Rana Kapoor, co-founder of Yes Bank, as collateral with the mutual fund house, sources had said.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: