LIC increases stake in YES Bank to 9.625%

Life Insurance Corporation of India (LIC) has announced that it has raised its stake in YES Bank Ltd (bank) through open market purchase.



LIC has bought 4,67,45,772 equity shares or 2.030% stake in YES Bank Ltd during the period June 8, 2015 to March 15, 2018.

Prior to the purchase, LIC had 17,49,17,205 equity shares or 7.595% in Yes Bank which has increased to 22,16,62,977 equity shares or 9.625%.

Shares of YES BANK LTD. was last trading in BSE at Rs.312.9 as compared to the previous close of Rs. 312.4. The total number of shares traded during the day was 995004 in over 5139 trades.

The stock hit an intraday high of Rs. 316.9 and intraday low of 310. The net turnover during the day was Rs. 312540128.

Source : Equity Bulls

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