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Jul 12, 2012, 08.23 AM IST

Yes Bank falls 2% as HSBC Bank Mauritius to sell stake

Private sector lender Yes Bank fell 2% on Thursday as CNBC-TV18 reported quoting sources that HSBC Bank Mauritius will sell its stake in the bank through accelerated book building route.

Source: Moneycontrol.com
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Private sector lender Yes Bank fell 2% on Thursday as CNBC-TV18 reported quoting sources that HSBC Bank Mauritius will sell its stake in the bank through accelerated book building route.


The firm will sell 1.68 crore equity shares at a price band of Rs 318-324 a share through block deal that would be valued around USD 93- 98 million for 4.75% stake.


At 11:13 hours IST, the share was trading at Rs 328.55, down 1.82%. Market capitalisation of the company currently stands at Rs 11,629.22 crore.
 
Its trading volumes increased 113% to 4,13,662 shares as compared to its 5-day average of 194,267 shares, an increase of 112.93%.


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