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Adani Electricity sells Rs 202 crore worth stock in Yes Bank
TIWN
TIWN
PHOTO : TIWN
New Delhi, Aug 7 (TIWN) Adani Electricity Mumbai Ltd (AEML) has sold shares worth Rs 202 crore in Yes Bank.
The bulk deal data available with NSE showed that Adani Electricity Mumbai sold 15 crore shares at an average price of ₹13.45 apiece, with the transaction value at ₹201.75 crore.
On Tuesday, Life Insurance Corp of India had said that it has bought additional shares of the lender through open market purchases.
Earlier this month, Moody’s Investors Service upgraded Yes Bank's long-term foreign currency issuer rating by a notch from Caa1 to B3 after the private lender raised ₹15,000 crore in a follow-on public offer in July.
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