Yes Bank is trading lower by 3% at Rs 384 on back of huge bulk deal in early trades on the Bombay Stock Exchange (BSE). About 11.34 million shares changed hands through bulk deal on BSE. The buyers and sellers are not immediately known.
The stock has opened at Rs 395 and hit a low of Rs 378 so far. A combined 19.84 million shares have changed hands on the counter so far against an average sub two million shares that were traded daily in past two weeks.
As on June 30, American Funds Insurance Series Growth Fund and Life Insurance Corporation of India along with its Various Schemes held more than 16 million shares each in the private sector bank, the shareholding patter data shows.