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Yes Bank Share Price: What a falling day of Yes Bank! Know why there was a huge jump in the stock

Yes Bank Share Update: The days of the private sector Yes Bank are about to fall. On one hand, in Tuesday’s trading session, the stock of Yes Bank is witnessing a great rise. On the other hand, according to media reports, Aditya Puri, who was the former MD of HDFC Bank, may join the board of Yes Bank. Aditya Puri will lead Carlyle’s on the board of Yes Bank. Shweta Jain will join the board of Yes Bank as a representative of Advent International. However, for this approval from RBI will still have to be taken.

Earlier in Tuesday’s trading session, Yes Bank’s stock rose by about 17 percent to Rs 17.90. At present, the stock is trading at Rs 17.10 with a gain of 12.46 per cent. If we look at the movement of Yes Bank stock in the last one year, then the stock has come up 64 percent from the low level of Rs 10.50 in 52 weeks.

Actually Carlyle and Advent International are going to invest $ 1.11 billion i.e. 8,900 crores in Yes Bank. For investment, both will be given 10 percent stake in the bank. Shares and warrants will be issued to both the investors. It is believed that after the investment, Yes Bank can be transformed.

However, the recommendation of the names of Aditya Puri and Shweta Jain will be sent to the Nomination and Remuneration Committee. Which will have to be approved by Yes Bank NRC. After that both the names will be sent to RBI for approval. However, the current MD and CEO of Yes Bank Prashant Kumar will continue in his post.

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