After KKR, L&T Finance, now Yes Bank sells CG Power shares worth Rs 76 crore
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Mumbai, Aug. 18 -- Private sector lender Yes Bank Ltd on Tuesday, offloaded 5.18 crore shares or 8.27% equity stake in CG Power & Industrial Solutions Ltd for Rs.76 crore, via open market transactions, joining other institutional investors such as private equity firm KKR and L&T Finance, who have sold shares in past two days.
Yes Bank sold 2.38 crore equity shares in the company at Rs.14.66 per share on the Bombay Stock Exchange (BSE), and 2.8 crore shares at Rs.14.6 per share on the NSE, valuing the transactions at Rs.75.81 crore, the bulk deals data showed.
The lender held 12.77% equity stake in the company as per the shareholding pattern as of June 2020.
On Monday, L&T Finance exited CG Power by selling its remaining 8.4% stake thro...
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