Yes Bank rises 15%
By
Ruma Dubey
about 6 years ago
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.