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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