Active Stocks
Tue Mar 19 2024 15:58:41
  1. Tata Consultancy Services share price
  2. 3,977.55 -4.03%
  1. Tata Steel share price
  2. 148.65 -0.64%
  1. Bharti Airtel share price
  2. 1,227.85 0.23%
  1. Power Grid Corporation Of India share price
  2. 258.95 -2.28%
  1. ITC share price
  2. 409.50 -1.89%
Business News/ Market / Stock-market-news/  Blackrock sells Yes Bank shares for Rs231.27 crore
BackBack

Blackrock sells Yes Bank shares for Rs231.27 crore

Yes Bank shares were offloaded at an average price of Rs586.84 apiece, valuing the transaction size to Rs231.27 crore

Yes Bank would be excluded from standard and mid-cap indices of the Morgan Stanley Capital International (MSCI), from Thursday. Photo: BloombergPremium
Yes Bank would be excluded from standard and mid-cap indices of the Morgan Stanley Capital International (MSCI), from Thursday. Photo: Bloomberg

Mumbai: Blackrock Real Asset Equity Trust on Wednesday offloaded more than 39 lakh shares of private sector lender Yes Bank Ltd. for an estimated Rs231.27 crore through an open market transaction on the BSE.

As per the bulk deal information with BSE, the entity sold as many as 39,40,967 shares of the private sector bank.

Yes Bank shares were offloaded at an average price of Rs586.84 apiece, valuing the transaction size to 231.27 crore.

The private sector lender would be excluded from standard and mid-cap indices of the Morgan Stanley Capital International (MSCI), from Thursday. MSCI is a leading provider of benchmark indices globally.

Yes Bank is India’s fourth largest private sector lender and offers corporate banking, investment banking as well as personal banking services across the country.

Shares of Yes Bank gained marginally by 1.67% to close at Rs586.15 apiece on the BSE. PTI

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 17 Sep 2014, 10:11 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App