Yes Bank rises 15%

about 9 days ago
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Yes Bank is currently the top gainer on the BSE, rising 15% to an intraday high at Rs.71.25 and remains now at around Rs.70 levels.

The stock price is up on unconfirmed reports that the co-founder, Rana Kapoor was in talks with One97 Communications, owner of Paytm to sell 10% stake.

Kapoor owns 10.6% stake of which 7.34% has been pledged with Reliance Nippon Asset Management Company (RNAMC).

The Bank did issue a clarification yesterday refuting this news, calling it “speculative” but the market refuses to accept this.

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