Yes Bank inches up on planning to invest Rs 350 crore in JC Flowers

Yes Bank is currently trading at Rs. 13.41, up by 0.03 points or 0.22% from its previous closing of Rs. 13.38 on the BSE.

The scrip opened at Rs. 13.37 and has touched a high and low of Rs. 13.43 and Rs. 13.33 respectively. So far 887872 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 16.25 on 07-Apr-2022 and a 52 week low of Rs. 10.51 on 23-Aug-2021.

yes bank gains on the bse
yes bank gains on the bse

Last one week high and low of the scrip stood at Rs. 13.58 and Rs. 13.10 respectively. The current market cap of the company is Rs. 33523.56 crore.

The Institutions and Non-Institutions held 54.98% and 45.02% stake respectively in the company.

Yes Bank is planning to invest up to Rs 350 crore for a potential 20 percent stake in asset reconstruction company JC Flowers, which has emerged as the base bidder for the lender’s bad loans worth Rs 48,000 crore.

The bank is planning to raise up to $1 billion in FY23 to bolster its core capital base once the NPA challenge is over.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

Leave a Comment