Yes Bank gets Rs.8500 crore investor,
share price jumped
On October 31, the
bank said that it had got an investor of 8500 crore. After this news, his share
price jumped. The bank's stock was up 35 per cent at Rs 70.45.
Amidst the incessant
bad news, there is some relief news for Yes Bank. On October 31, Yes Bank said
that it had found an investor worth $ 1.2 billion (about Rs 8500 crore). After
this news, its share price jumped 35 percent and reached Rs 70.45. There is an
October incident when Yes Bank shares hit a 52-week low of Rs 29.05.
Yes Bank has released
second quarter results. The bank incurred a total loss of Rs 629 crore in the
second quarter. This is the bank's second largest loss after listing in the
stock market. The bank had a loss of Rs 1506.6 crore in the March quarter of
the same year. The bank had a profit of Rs 964.7 crore in the quarter last
year.
Also Read : Bumper listing of IRCTC in stock market.
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