 "YES Bank")
Ace investor Rakesh Jhunjhunwala bought a 0.5 per cent stake in troubled private-sector lender YES Bank for Rs 86 crore on Monday. Data from exchanges showed that Jhunjhunwala bought 12.9 million shares of YES Bank at price of Rs 67 apiece in a bulk deal on the BSE.
The bank has lately seen some recovery in its share price after informing exchanges that it had a binding offer from a global investor for an investment of $1.2 billion.
An infusion of capital would come as a much-needed relief for the bank, with its capital adequacy ratio barely above the regulatory
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