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YES Bank crisis: Madhu Kapur sells 25 million shares worth Rs 160 cr

Three-fourth of this holding has been locked-in for three years as part of the restructuring plan for the bank

YES Bank
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The unusual rally in the stock is fueled by technical factors such as three-year lock-in.

BS Reporter Mumbai
Taking advantage of the massive jump in the share price of YES Bank, Madhu Kapur on Wednesday offloaded a part of her holding. According to block deal data, Kapur sold nearly 25 million shares at Rs 65 apiece to pocket Rs 160 crore on Wednesday.

Prior to the sale, Kapur, the wife of co-founder late Ashok Kapur, held 176 million shares in the bank. Three-fourth of this holding has been locked in for three years as part of the restructuring plan for the bank. Shares of YES Bank on Wednesday jumped as much as 50 per cent to Rs

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