Yes Bank shares surge over 7% to close at Rs 220.80; market cap rises by Rs 3,446 cr

Shares of Yes Bank surged over 7 percent on Monday after the bank constituted a panel to choose chief executive officer after Rana Kapoor's exit.

Press Trust of India October 08, 2018 19:28:54 IST
Yes Bank shares surge over 7% to close at Rs 220.80; market cap rises by Rs 3,446 cr

New Delhi: Shares of Yes Bank surged over 7 percent on Monday after the bank constituted a panel to choose chief executive officer after Rana Kapoor's exit.

The scrip soared 7.08 percent to end at Rs 220.80 on BSE. During the day, it jumped 10.40 percent to Rs 227.65.

Yes Bank shares surge over 7 to close at Rs 22080 market cap rises by Rs 3446 cr

Representational image. Reuters

At NSE, shares of the company surged 7.37 percent to settle at Rs 221.20.

The stock was the top gainer among the blue chips on both the key indices during the day.

The company's market valuation rose by Rs 3,445.85 crore to Rs 50,988.85 crore on BSE.

Former chairman of insurance watchdog IRDAI, TS Vijayan, and retired SBI chief OP Bhatt will be part of the panel which will choose Yes Bank's chief executive officer after Rana Kapoor's exit.

The five-member panel will also consist of board members Brahm Dutt, Lt Gen (Retd) Mukesh Sabharwal and SC Kalia, the bank said in a regulatory filing on Friday evening.

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