The size of the deal is worth Rs 1,441.63 crore.
YES Bank shares on Friday ended at Rs 24.95 on the NSE, down by 1.96% over Thursday’s closing price.In February, the global private equity major had sold a 1.4% stake in YES Bank, which was approximately worth Rs 1,057 crore.
This was a 20% YoY jump.Interest expended during the reported quarter stood at Rs 5,294.15 crore, which was up from Rs 4,111 crore.
It was up 29% on a YoY basis.For the full financial year, the standalone net profit stood at Rs 1,251 crore, up from Rs 717.40 crore in Q3FY24.
Total income for FY24 stood at Rs 32,700 crore, which was up from Rs 26,382.49 crore.
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US-based investment firm Carlyle Group has offloaded 59,40,00,000 shares or nearly 2% stake in YES Bank via block deal at a price of Rs 24.27 per share according to bulk deal data available on the NSE. The size of the deal is worth Rs 1,441.63 crore. Meanwhile, Goldman Sachs (Singapore) PTE bought 36,92,43,945 shares at a price of Rs 24.26 apiece. The deal size is estimated at Rs 895.78 crore.Prior to the block deal, the Carlyle Group held a 8.74% stake in this private lender through an entity named CA Basque Investments.On Thursday, CNBC TV18 reported Goldman Sachs as the likely broker to the deal. YES Bank shares on Friday ended at Rs 24.95 on the NSE, down by 1.96% over Thursday’s closing price.In February, the global private equity major had sold a 1.4% stake in YES Bank, which was approximately worth Rs 1,057 crore. CA Basque Investments, the Mauritius-based special purpose vehicle, had then sold 39,00,00,000 shares of the lender at Rs 27.10 a share.YES Bank reported a standalone net profit of Rs 452 crore for the quarter ended March 31, 2024, a jump of 123% over Rs 202.43 crore reported by the lender in the year-ago period.The lender earned interest income of Rs 7,447.17 crore, up from Rs 6,216.24 crore reported in the corresponding quarter of the last financial year. This was a 20% YoY jump.Interest expended during the reported quarter stood at Rs 5,294.15 crore, which was up from Rs 4,111 crore. It was up 29% on a YoY basis.For the full financial year, the standalone net profit stood at Rs 1,251 crore, up from Rs 717.40 crore in Q3FY24. This is a 74% YoY jump over the last financial year. Total income for FY24 stood at Rs 32,700 crore, which was up from Rs 26,382.49 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
