Tuesday, 26 November 2013

Morgan Stanley offloads Yes Bank’s shares for Rs 69 crore

Morgan Stanley Asia (Singapore) has sold 19,71,903 scrips of Yes Bank through bulk deal. The shares were sold at an average price of Rs 349.51 apiece valuing the transaction at Rs 68.91 crore.

At the end of the July-September quarter, Morgan Stanley held 79.09 lakh shares, amounting to 2.19% stake, of Yes Bank.

Yes Bank has international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. It has a strong pan India presence with 500+ branches and 1100+ ATMs in all 28 states and 7 Union Territories.

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