Blackrock Real Asset Equity Trust has sold 39.40 lakh shares or 0.95% stake of Yes Bank through the open market route. The shares were sold on an average price of Rs 586.84 valuing the transaction to Rs 231.27 crore.
The bank’s net profit for first quarter ended June 30, 2014 rose by 9.64% at Rs 439.48 crore as compared to Rs 400.84 crore for the quarter ended June 30, 2013. Its total income has increased by 9.34% to Rs 3105.21 crore for the quarter under review from Rs 2839.97 crore for the corresponding quarter of the previous year.