Carlyle Group offloads 1.3% stake in Yes Bank for ₹1,057 crore

Meanwhile, Morgan Stanley Asia Singapore Pte acquired more than 30.63 crore equity shares, representing a 1.06% stake in Yes Bank. The shares were purchased at the same price, taking the deal size to ₹830.08 crore.

After the latest transaction, Carlyle Group's shareholding has declined to 5.08% from a 6.43% stake in Yes Bank (as of December 2023). In 2022, CA Basque Investments picked around 9.99% stake in Yes Bank in a deal worth ₹4,450 crore at a price of ₹13.78 per share. The company has sold shares at around a two-fold premium as the stock has doubled since then.

The fund infusion was part of a total fundraising of $1.1 billion by Yes Bank from CA Basque and Advent International in July 2022. Yes Bank shares had rallied around 16% in the past month after the RBI approved HDFC Bank to acquire a stake in the private bank.

At the same time, State Bank of India refuted reports that it was planning to divest its stake in the private lender. SBI held a total of 751.6 crore equity shares of Yes Bank, amounting to a 26.13% stake in the private lender, as of December 31, 2023. At the current market price, the stake is worth ₹21,570 crore.

Shares of Yes Bank Ltd ended at ₹29.01, up by ₹0.31, or 1.08% on the BSE.