Yes Bank surged over 3% on Tuesday after hotshot investor Rakesh Jhunjhunwala bought nearly 1.3 crore shares of the bank for around Rs 87 cr through open market transactions on Monday. The bank’s stock prices rose by 8.7 per cent to Rs 71.90 per share intraday on the BSE.
Yes Bank CEO Ravneet Gill had recently said in an interview that the bank had received a binding offer of $1.2 bn from a global investor, while a mix of private equity funds, family offices, domestic funds, and domestic family offices have shown interest in investing in the bank.
In September, Yes Bank announced its capital raising plans and said it has received “strong interest” from multiple foreign as well as domestic private equity and strategic investors for the capital raise. The bank had said, “It remains firmly on course to raising growth capital subject to necessary approvals.”