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YES Bank plunges 20% as Madhu Kapur sells 2.5% stake in bank

YES Bank plunges 20% as Madhu Kapur sells 2.5% stake in bank

Thursday, March 19, 2020, 11:01 AM

Shares of YES Bank plunged nearly 26% in Thursday's trade after the single largest promoter Madhu Kapur, the widow of its founder chairman Ashok Kapur, sold 2.5 crore bank shares in a block deal. The stock fell 26% to hit a low of Rs 45.15 on the BSE. The stock later recovered but was still trading 24% lower at Rs 46.25.
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