Yes Bank up 9% on reports of private equity, tech firms' interest in stake sale
Updated : October 07, 2019 12:29 PM IST
Yes Bank shares surged as much as 9 percent on Monday following reports that the private lender is in talks with global private equity firms and major technology companies like Microsoft for a large stake sale.
In a separate development, Yes Bank on Sunday lodged a complaint with Mumbai Police and cyber cell against the spread of fake news and rumours about the private sector lender on WhatsApp and other social media platforms.
Yes Bank shares have slumped nearly 80 percent in the current financial year due to stressed asset quality, concerns over high promoter pledges, corporate governance irregularities and inadequate capital.