Yes Bank Block Deal: Shares Worth Rs 1,600 Crore Change Hands On BSE; Carlyle Group Likely Seller, Report

The shares of Yes Bank were seen trading with cuts of nearly 1.50% at Rs 25.10 per share as of 10:55 am on the National Stock Exchange (NSE) after 63.3 crore shares changed hand in a block deal worth Rs 1,602 crore. The official buyers and sellers of the bulk deal have not been revealed yet.

Recently, CNBC-TV18 reported that Carlyle Group, the private equity firm is the one to offload shares worth Rs 1,500 crore in a private lender. The report was attributed to internal source information.

CA BASQUE INVESTMENTS, the Carlyle-backed entity holds an 8.74% stake in Yes Bank following the conversion of warrants on Thursday. Street is anticipating global brokerage firm Goldman Sachs as the broker of the deal.

The private lender recently released its fourth quarter results, in which the net profit soared 124% to Rs 454 crore from the same quarter in the previous year. The net interest income saw a modest uptick of 2.3% at Rs 2,153 crore compared to the corresponding quarter.

Notably, the bank also witnessed a decent improvement in its asset quality. Gross non performing assets (NPA) slid by 11% to Rs 3,982 crore and net non performing assets declined 31% to Rs 1,330 crore on a sequential basis.

In percentage terms, the Gross NPA for the quarter declined to 1.7% from 2% in the December quarter and the Net NPA fell to 0.6% compared to the previous quarter's 0.9%, reflecting improved asset quality metrics.

The Yes Bank stock has registered gains of a little more than 55 % in the last one year, and in the last three years, the stock has surged 80%. In 2024 alone, Yes Bank shares have given returns of nearly 17% to its investors.

Yes Bank has built a strong reputation for its dividend track record, consistently announcing dividends over the past five years.

Headquartered in Mumbai, Yes Bank stands as a full-service commercial bank, delivering a range of products, services, and digital solutions tailored to meet the needs of retail, MSME, and corporate clients alike. Notably, the bank conducts its brokerage activities through YES SECURITIES, a wholly-owned subsidiary, expanding its offerings to encompass financial markets. With a pan-India presence, YES Bank extends its services across the nation, including through an International Banking Unit (IBU) situated at GIFT City, as well as a Representative Office strategically located in Abu Dhabi, facilitating its global outreach and presence.