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Yes Bank shines on acquiring eight crore pledged shares of CG Power

Yes Bank is currently trading at Rs. 168.20, up by 7.45 points or 4.63% from its previous closing of Rs. 160.75 on the BSE.

The scrip opened at Rs. 158.00 and has touched a high and low of Rs. 170.70 and Rs. 156.75 respectively. So far 3637158 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 404.00 on 20-Aug-2018 and a 52 week low of Rs. 147.00 on 29-Nov-2018.

Last one week high and low of the scrip stood at Rs. 177.90 and Rs. 156.75 respectively. The current market cap of the company is Rs. 39043.50 crore.

The promoters holding in the company stood at 19.80%, while Institutions and Non-Institutions held 61.31% and 18.89% respectively.

Yes Bank has acquired eight crore shares in CG Power and Industrial Solutions which were pledged to it by a borrower. The acquired shares represent 12.79% ownership in the company and will be valued at Rs 292.56 crore as per the Tuesday’s close.

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.

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