Big News Share Market Update: It cannot be said when what will happen in the world of share market. You can be very rich and downright poor. An American business man said that money is not in buying and selling shares, money is in holding shares.
Today there has been a tremendous rise in the shares of Yes Bank. This banking stock NSE today rose by 13.44 percent to Rs 17.30. After this rally, this stock has reached the high after January 2021. In intraday trading today, this share jumped by almost 15% to Rs 17.88, which is its all-time high share price till date. Earlier on January 25, 2021, this share had reached Rs 17.55.
Yes Bank share climbed more than 20 percent in the last two trading days. Actually, there is a big reason behind the rise in Yes Bank shares. The reason is that the bank has announced to raise equity capital of about 1.1 billion (Rs 8,900 crore) from two leading global private equity investors Carlyle and Advent International.
The proposal for private equity investment was approved
Last week, Yes Bank approved the decision of private equity investment in its board meeting. Yes Bank will sell its 10% equity stake to Carlyle Group and Advent International for Rs 8898 crore. Let us tell you that Yes Bank of the private sector will issue 184 crore equity shares to Carlyle at Rs 13.78 per share. The names of the funds to which Yes Bank stake will be sold are CA bosque and Verventa Holdings.
This stock can climb even more
Analysts at Kotak Securities say the bank’s stock is very positive and should be viewed as an investment consideration. According to stock market experts, after raising funds and strong quarterly results, Yes Bank’s stock is seeing a rise. According to Ravi Singh, Chairman and Research Head, Share India, soon this share of Yes Bank can reach beyond Rs 19.