Yes Bank News: After the news of foreign investment, Yes Bank stock has seen a tremendous jump. The bank’s stock has recorded up to 35 per cent growth in a single day.
New Delhi: Yes Bank Share, a private sector bank, has witnessed a tremendous upheaval. The bank stock has risen sharply after the news of large investment in the bank on Thursday. A bank release said, “The bank wants to tell you that we have received an investment offer of about $ 120 million from a global investor.” After this news, the bank’s share price has increased sharply.
According to CNBC TV18 report, Hong Kong’s SPGP Holding has shown interest in investing 120 crore dollars from this private sector bank. The bank has said that it is also in talks with other global and domestic investors. On the Bombay Stock Exchange, Yes Bank shares rose by 34.95 per cent to Rs 76.65.
Yes bank results are due on 1 November. Let us tell you that Yes Bank has recovered about 150 percent of the price for 52 weeks. The market cap of Yes Bank has increased by about Rs 4500 crore following the news of investment. Yes Bank has told in the information given to BSE that many investors are showing their trends in the bank.
Significantly, Yes Bank is constantly trying to raise capital to deal with the problem of liquidity. Earlier in the information, the bank had said that many domestic and global investors are showing interest in investing in the bank. Earlier in October, there were some reports claiming that Microsoft also wants to invest in Yes Bank.