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Yes Bank soars on acquiring 17.31% stake in Fortis Healthcare

  • Mar-14-2018
  • 14 Hrs IST

Yes Bank is currently trading at Rs. 318.50, up by 5.40 points or 1.72% from its previous closing of Rs. 313.10 on the BSE.

The scrip opened at Rs. 313.00 and has touched a high and low of Rs. 320.10 and Rs. 308.50 respectively. So far 531343 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 383.25 on 21-Sep-2017 and a 52 week low of Rs. 275.15 on 23-May-2017.

Last one week high and low of the scrip stood at Rs. 320.10 and Rs. 295.00 respectively. The current market cap of the company is Rs. 73533.74 crore.

The promoters holding in the company stood at 20.04%, while Institutions and Non-Institutions held 67.02% and 12.93% respectively.

Yes Bank has acquired 89,781,906 equity shares, constituting 17.31% of the paid-up share capital, having nominal value of Rs 10 per share of Fortis Healthcare, pursuant to invocation of pledge on the said equity shares subsequent to default by promoters group companies in the credit facility provided by the Bank.

Yes Bank has a pan India presence across all 29 states and 7 Union Territories of India.