MoneyWorks4Me

Morgan Stanley Asia sells 34.60 lakh shares of Yes Bank: Report

27 Nov 2013 Evaluate

Morgan Stanley Asia (Singapore) has reportedly sold 34.60 lakh shares or 0.96% stake of Yes Bank through the open market route. The shares were sold on an average price of Rs 355.68 valuing the transaction to Rs 123.30 crore.

Meanwhile, Emerging Markets Sudan Free Equity Index Fund has bought 41.60 lakh shares or 1.15% stake of Yes Bank through the open market route. The shares were purchased on an average price of Rs 357.12 valuing the transaction to Rs 148.90 crore.

Yes Bank has international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. It has a strong pan India presence with 500+ branches and 1100+ ATMs in all 28 states and 7 Union Territories.

Peers
Company Name CMP
HDFC Bank 719.35
ICICI Bank 1305.50
Axis Bank 1214.00
Kotak Mahindra Bank 419.80
Indusind Bank 880.00
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