Business

Rana Kapoor pledges Yes Bank shares

Rana Kapoor, the co-founder of Yes Bank who was the managing director and chief executive officer till the end of January, has pledged 10 crore shares of the bank, amounting to 4.31% stake, while Morgan Credits Private Ltd., a promoter entity, has pledged 7.02 crore shares or 3.03% stake.

The 7.34% shares were pledged by the two promoters in favour of Milestone Trusteeship Services Pvt. Ltd., the debenture trustee, for the benefit of the holders of debentures issued by MCPL. Yes Bank shares declined 0.5% to ₹90.70 on the BSE compared to its previous close.

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Printable version | Feb 29, 2020 7:42:37 AM | https://www.thehindu.com/business/rana-kapoor-pledges-yes-bank-shares/article28692111.ece

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