Yes Bank's stock has been continuously falling. On Tuesday, the bank told the stock market that it was willing to consider the $ 500 million offer by Citex Holdings and Citex Investment Group. However, the management is in a tizzy over Erwin Singh Brach and SPGP Holdings' offer of $ 1.2 billion. The bank is trying to raise $ 2 billion investment.
Shares fell 16 percent
On Wednesday, the Yes Bank stock on the Sensex has fallen nearly 16 per cent till 12.10 pm. At present, the price of one share is Rs 42.40. So far during the business it has reached a maximum of Rs 49.30 and a minimum of Rs 40.70.
10.40 percent share broken on Tuesday
Earlier on Tuesday, Yes Bank's stock had lost up to 11% in the stock market. Yes Bank shares were down by 10.05 per cent on BSE and 10.40 per cent on NSE. Yes Bank's stock closed at Rs 50.55 on Tuesday.
600 crore loss in the second quarter
Recently, there were also reports that State Bank of India (SBI) can take over Yes Bank. Later, SBI's Chief Financial Officer Prashant Kumar denied the media report. Let me tell you, Yes Bank had a loss of about 600 crores in the second quarter.
