Since the beginning of the year, Yes Bank shares witnessed a hard time selling. In fact, its shares plunged as much as 84 per cent to hit an all-time low of Rs. 29.05 on October 1.
Yes Bank Shares plunges 35 per cent. (Photo: IANS)
Shares of private sector lender, Yes Bank rose as much as 35 per cent to hit Rs 76.65 on Thursday, making its biggest gain in a day in four weeks.
Yes Bank’s gain comes after it received an investment of $1.2 billion from a global investor, said media reports. On the NSE bank’s shares rose as much as 29 per cent to Rs. 73.80.
For a while now, the bank has been in talks with several foreign as well as domestic investors for raising its capital.
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Yes Bank remains firmly on course to raising growth capital subject to necessary approvals, the bank added in a statement.
Since the beginning of the year, Yes Bank shares witnessed a hard time selling. In fact, its shares plunged as much as 84 per cent to hit an all-time low of Rs. 29.05 on October 1.
As of 1455 hours , Yes Bank shares traded 27.64 per cent higher at Rs. 72.50, outperforming the Sensex which was up 0.75 per cent.
(With input from agencies)
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