Carlyle Group sells its 2% share in Yes Bank for an open market price of Rs 1,441 cr

The Carlyle Group’s interest in Yes Bank has decreased from 9.11% to 7.13 percent following the equity sale.

By Sneha Sengupta On May 3, 2024

In an open market deal on Friday, Carlyle Group sold off over 2% of its ownership in private lender Yes Bank for a total of Rs 1,441 crore. The US-based Carlyle Group sold shares in Yes Bank in bulk on the National Stock Exchange (NSE) through its affiliate CA Basque Investments.

The data indicates that CA Basque Investments sold 59.40 crore shares, or 1.98 percent of Yes Bank. The transaction value was Rs 1,441.64 crore after the shares were sold for an average price of Rs 24.27 a share.

Global investment firm Carlyle Group paid Rs 1,057 crore to pare down a 1.3% share in Yes Bank, a lender in the private sector, in February of this year.

In the meantime, Goldman Sachs (Singapore) Pte – ODI acquired more than 36.92 crore shares, or 1.23% of the lender situated in Mumbai. The deal value increased to Rs 895.78 crore when the shares were purchased at an average cost of Rs 24.26 per share.

It was impossible to find out information on the other sellers. Yes Bank’s stock dropped 1.96 percent on Friday, closing at Rs 24.95 a share on the NSE.

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