Yes Bank sold 2.13 percent share stake of Fortis: Reports

Private lender Yes Bank on Tuesday said it has sold 2.13 percent share stake of Fortis Healthcare.

According to a BSE filing, the bank said it sold the stake in various tranches. "Yes Bank Limited has sold 12,337,323 equity shares having a nominal value of Rs 10 each, constituting 2.1279 percent of the paid-up share capital of Fortis Healthcare Limited, in various tranches the last being on December 18, 2018," the statement said.

The transactions have resulted "into a change in holding of the Bank by more than 2 percent of the total shareholding of FHL, from the last disclosure made by the bank on March 15, 2018," it added. On Tuesday, shares of Yes Bank settled at Rs 178.90, lower by Rs 2.20 or 1.21 percent from its previous close.