Adani Electricity sells 1.19% shares worth Rs 202 crore in YES Bank
Adani Electricity Mumbai Ltd (AEML) has sold shares worth Rs 202 crore in Yes Bank.
This was done through an open market transaction on Thursday. AEML sold off 15 crore shares which represented 1.19 per cent stake in Yes Bank for an average price of Rs 13.45 per share, according to data from NSE.
On the other hand, Life Insurance Corp of India had said that it has bought additional shares of the lender through open market purchases.
Last week, Moody’s Investors Service upgraded YES Bank’s long-term foreign currency issuer rating by a notch from Caa1 to B3 after Yes Bank the private lender raised Rs 15,000 crore in a follow-on public offer in July.
