CA Basque Investments—an affiliate of Carlyle Group—sold 1.35% stake in Yes Bank Ltd. for Rs 1,056.9 crore through an open market transaction on Thursday.
It offloaded 39 crore shares at Rs 27.1 apiece on the BSE, according to bulk deal data. As of December, CA Basque held 6.43% stake.
Morgan Stanley Asia Pte has mopped up 30.63 crore shares, or 1.06% stake.
As part of its fundraising exercise, in December 2022, Yes Bank agreed to issue shares and warrants to the Carlyle Group. Through this, the group picked 9.99% equity stake in the bank.
The Carlyle Group company received 184.8 crore equity shares worth Rs 13.78 apiece and 127.98 crore warrants at a price of Rs 14.82 apiece.
Shares of Yes Bank closed 1.08% higher at Rs 29.01 apiece on the BSE, as compared with a 0.32% advance in the benchmark Sensex.
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