Yes Bank Sells Over 13 Lakh Shares Of Reliance Capital
Signage for Yes Bank Ltd. is displayed at a branch in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

Yes Bank Sells Over 13 Lakh Shares Of Reliance Capital

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

According to bulk deal data available with the National Stock Exchange, 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 percent 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 a collateral with the mutual fund house, sources had said.

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