Yes Bank shares continue to fall, plunge nearly 8%; lender's board of directors to finalise capital infusion details on 10 December

  • The scrip of the company closed the day at Rs 59.50, down 7.10 percent on the BSE

  • In the morning trade, the stock had gained 2 percent to the day's high of Rs 65.35

  • The scrip was the worst hit among the frontline companies on both Sensex and Nifty

New Delhi: Shares of Yes Bank came under selling pressure even after rising in the early trade on Tuesday and tumbled nearly 8 percent at closing.

The scrip of the company closed the day at Rs 59.50, down 7.10 percent on the BSE. In the morning trade, the stock had gained 2 percent to the day's high of Rs 65.35. During the day, it touched a low of Rs 59, registering a fall of 7.88 percent.

At the NSE, it plunged 7.57 percent to close at Rs 59.20.

 Yes Bank shares continue to fall, plunge nearly 8%; lenders board of directors to finalise capital infusion details on 10 December

Representational image. Reuters.

The scrip was the worst hit among the frontline companies on both Sensex and Nifty.

As many as 227.57 lakh shares were traded on the BSE and over 29 crore shares on the NSE during the day.

This is the third straight fall of the stock, which has witnessed an erosion of Rs 2,689.69 crore from its market valuation that now stands at Rs 15,175.31 crore on the BSE.

Shares of Yes Bank had tumbled 6.5 percent at close of trade on Monday.

The bank on Friday said eight investors led by Erwin Singh Braich have evinced interest to pump $2 billion into the lender.

The board of directors of the bank will reconvene on 10 December to finalise and approve details of capital infusion, which will take place through preferential allotment, it informed the exchanges.

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

Updated Date: Dec 03, 2019 17:42:24 IST