Yes Bank Shares Gain After Paring Stake In SICAL Logistics

Shares of YES Bank gained in Friday's session gained after it pared stake in SICAL Logistics, selling over 15 lakh equity shares, constituting 2.68% stake in the company.

Subsequent to the stake sale, the lender's shareholding in SICAL Logistics has come down to 5.5%.

Yes Bank Shares Gain After Paring Stake In SICAL Logistics

On January 15, Yes Bank has announced to acquire 60 lakh equity shares that is around 10.25% of paid up share capital of SICAL Logistics through invocation of pledged shares.

In Thursday's trade, the lender declined as much as 4% after India Ratings maintained 'Rating Watch Negative (RWN)' on Yes Bank's long term bonds.

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