Yes Bank shares fall on Rabobank exit: sources
CRISIL, a credit rating agency, expects loan restructuring to touch Rs 2,00,000 crore by March 2013. Crisil estimates that the total restructured loans will account for 3.5 per cent of the total advances as at March 2013.
Shares of Yes Bank traded lower on the back of a large block deal Thursday. Sources told NDTV Profit that Netherlands-based Rabobank has sold 1.5 crore shares in the Indian private lender. Yes Bank shares were offered between Rs 357-360 per share, they said.
At 1 pm, the stock traded 2 per cent lower at Rs 359 on the BSE, while the Sensex gained 0.16 per cent at 17,178. Nearly 15 million shares of Yes Bank had changed hands by 1 pm on the BSE.
Sources said global banking major Citi launched a book of $115 million for Yes Bank on Wednesday. $85 million worth of shares were offered to local investors while $30 million worth of shares were offered to FII investors.
Yes Bank is the fourth bank where investors have sold substantial stake this year. Earlier, such deals were witnessed in HDFC, ICICI Bank and Kotak Bank.