Yes, the bank's shares close more than 3 percentage points after Rakesh Jhunjhunwala bought a stake
New Delhi, November 5 () Yes Bank shares closed on Tuesday more than 3 percent after investor Rakesh Jhunjhunwala bought about Rs 1.3 million from the company for about Rs 87 through market transactions open.
The scrip gained 3.40 percent to close at Rs 68.35 in the BSE. During the day, it advanced 8.77 percent to Rs 71.90.
In the NSE, it rose 3.25 percent to close at Rs 68.30.
In terms of negotiated volume, 281.38 lakh shares of the company were traded in the BSE and more than Rs 29 million in the NSE during the day.
He was the best winner among the 30 Sensex components.
According to the data of massive agreements available with the BSE, Jhunjhunwala bought 1.29.50,000 shares from the private lender for a 0.5 percent stake.
The shares were purchased at an average price of Rs 67.1, bringing the value of the transaction to Rs 86.89 rupees, the data showed. The lender's shares, after falling 15 percent during the previous session on Monday, recovered most of their initial losses and closed more than 1 percent down after the company reported a consolidated net loss of 629, Rs 1 million for the September quarter due to a sudden increase in bad loans. SUMA ANU