Yes Bank Bulk Deal: Carlyle Group Sells Stake Worth Rs 889 Crore
US-based private equity major Carlyle Group has reduced its stake in Yes Bank, by selling a total of 41 crore, or 1.3% stake in the Indian private lender through open market transactions on Tuesday.
The stake was sold by Carlyle Group at Rs 21.68 apiece, which took the deal's cumulative value to Rs 889 crore, according to the bulk deal data available on NSE.
The buyers details were not available in the data shared by the exchanges.
Carlyle offloaded the stake through CA Basque Investments, its Mauritius-based special purpose vehicle. The entity held 6.84% stake in Yes Bank as of the end of March 2025 quarter.
Yes Bank shares had a delivery rate of nearly 49% on Tuesday, with a delivery turnover of Rs 2,004.67 crore, as per exchange data. The stock traded 19.93 times its 30-day average volume.
Carlyle, along with Advent Group, picked up 9.9% stake in Yes Bank in 2022, when the two PE majors had cumulatively pumped in Rs 8,896 crore into the lender through the conversion of warrants. In May last year, Carlyle, had sold 2% stake in Yes Bank for Rs 1,441 crore.
Notably, Yes Bank was among the stocks in focus on Tuesday as the lender's board was to meet to consider fundraising proposal. The bank has been in news in recent period after Japanese financial giant Sumitomo Mitsui Banking Corp. announced it would be acquiring a 20% stake from its shareholders, including State Bank of India and several Indian banks, which had participated in the private lender's restructuring plan in 2020.
SMBC's acquisition is "credit positive" for Yes Bank as it brings in a long-term strategic partner, with a strong balance sheet and funding capacity to support its growth, according to Moody's Ratings.
Shares of Yes Bank on Tuesday slumped 10% to close at Rs 20.95 apiece on the NSE, compared to a 0.7% decline in the benchmark Nifty 50.
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