Bay Tree India Holdings I LLC has sold over 2 per cent stake in Yes Bank through open market transactions. Bay Tree India Holdings I LLC, which held 7.48 per cent stake in Yes Bank earlier, sold 52.15 crore shares representing 2.08 per cent of equity stake in multiple tranches between January 6 and May 6, 2021. Post the sale, stake of Bay Tree India Holdings I LLC in Yes Bank stands at 5.40 per cent.
In July 2020, Yes Bank garnered Rs 4,098 crore from anchor investors, a day ahead of its follow-on public offering.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.