Latest News | Bay Tree India Holdings Sells over 2 Pc Stake in Yes Bank
Get latest articles and stories on Latest News at LatestLY. Anchor investor Bay Tree India Holdings I LLC has sold over 2 per cent stake in Yes Bank through open market transactions.
New Delhi, May 11 (PTI) Anchor investor Bay Tree India Holdings I LLC has sold over 2 per cent stake in Yes Bank through open market transactions.
According to a regulatory filing, Bay Tree India Holdings I LLC, which held 7.48 per cent stake in Yes Bank earlier, sold 52.15 crore shares representing 2.08 per cent of equity stake in multiple tranches between January 6 and May 6, 2021.
Post the sale, stake of Bay Tree India Holdings I LLC in Yes Bank stands at 5.40 per cent.
In July 2020, Yes Bank garnered Rs 4,098 crore from anchor investors, a day ahead of its follow-on public offering.
Bay Tree India Holdings I, owned by Tilden Park, was the largest anchor investor, investing Rs 2,250 crore in Yes Bank for an allocation of 1,87,50,00,000 (7.48 per cent) shares.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)