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YES Bank surges 9% amid reports of DHFL's big deal

Updated : July 22, 2019 03:11 PM IST

YES Bank shares gained on Monday amid Economic Times report that Dewan Housing Finance Limited is likely to announce a deal with investor Aion Capital for a majority stake in the housing finance company.
At 2:15 pm, the share price was at Rs 88.35 per share on the NSE, higher by 6.13 percent. Intraday, the stock was trading over 9 percent to it's day's high at Rs 90.95. 
According to the report, the deal would lead to an infusion of $1.5 billion into the debt-ridden firm. After this infusion, DHFL promoters' family stake will likely come down to 10 percent. 
YES Bank surges 9% amid reports of DHFL's big deal

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