September 11, 2019 10:24 pm | Updated 10:24 pm IST - Mumbai
Yes Bank’s shares soared 13.5% to ₹71.60 on the BSE on Wednesday after media reports that its co-founder Rana Kapoor was planning to sell his stake in the bank. According to the reports, Mr. Kapoor and family hold 9.64% stake in the bank and are in talks with Paytm to sell the stake. Mr. Kapoor was the MD & CEO of Yes Bank, and his term ended in January 2019, after the RBI declined to extend his term for three years even after the board had endorsed it.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
