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Home Business Carlyle sells 2% in Yes Bank for Rs 1,441 crore

Carlyle sells 2% in Yes Bank for Rs 1,441 crore

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NEW DELHI:

Carlyle Group

on Friday divested nearly a 2% stake in private sector lender Yes Bank for Rs 1,441 crore through an

open market transaction

.
US-based Carlyle Group, through its affiliate

CA Basque Investments

, offloaded shares in Yes Bank through a

bulk deal

on the NSE.
According to the data, CA Basque Investments sold 59.4 crore shares, amounting to a 1.98% stake in Yes Bank.

The shares were disposed of at an average price of Rs 24.27 apiece, taking the transaction value to Rs 1,441.64 crore. After the

stake sale

, the Carlyle Group’s shareholding in Yes Bank has declined to 7.13% from 9.11%.
In Feb this year, the Group pared a 1.3% stake in private sector lender Yes Bank for Rs 1,057 crore.
Meanwhile,

Goldman Sachs

(Singapore) bought more than 36.9 crore shares, representing a 1.23% stake in the Mumbai-based lender.

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