Carlyle Group Divests Nearly 2% Stake in Yes Bank for Rs. 1,441 Crore

Carlyle Group sold a 1.98% stake in Yes Bank, totaling Rs 1,441 crore, reducing its shareholding to 7.13%. The sale was executed through the NSE at an average price of Rs 24.27 per share. Goldman Sachs (Singapore) Pte - ODI acquired a 1.23% stake in Yes Bank for Rs 895.78 crore. The identity of other sellers remains unknown. Yes Bank shares ended the day at Rs 24.95, a 1.96% decrease.

Carlyle Group on Friday divested nearly a 2 per cent stake in private sector lender Yes Bank for Rs 1,441 crore through an open market transaction.

US-based Carlyle Group, through its affiliate CA Basque Investments, offloaded shares in Yes Bank through a bulk deal on the National Stock Exchange (NSE).

As per the data, CA Basque Investments sold 59.40 crore shares, amounting to a 1.98 per cent stake in Yes Bank.

The shares were disposed of at an average price of Rs 24.27 apiece, taking the transaction value to Rs 1,441.64 crore.

After the stake sale, the Carlyle Group's shareholding in Yes Bank has declined to 7.13 per cent from 9.11 per cent.

In February this year, global investment firm Carlyle Group pared a 1.3 per cent stake in private sector lender Yes Bank for Rs 1,057 crore.

Meanwhile, Goldman Sachs (Singapore) Pte - ODI bought more than 36.92 crore shares, representing a 1.23 per cent stake in the Mumbai-based lender.

The shares were acquired at an average price of Rs 24.26 apiece, taking the deal value to Rs 895.78 crore.

Details of the other sellers could not be ascertained.

On Friday, shares of Yes Bank fell 1.96 per cent to close at Rs 24.95 apiece on the NSE.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)