Yes Bank Shares Fall 8% On Report Of A Borrower Defaulting
Shares of Yes Bank Ltd. fell 8 percent on Tuesday on an Economic Times report that a Mumbai-based real estate firm defaulted on scheduled interest payments on a Rs 1,200 crore loan from the private sector lender.
Yes Bank shares fell as much as 8.47 percent intraday to Rs 99.90 apiece on the Bombay Stock Exchange before recovering to end the day 7.65 percent lower at Rs 100.85.
Yes Bank was the worst hit among blue chips on both the key indices during the day. Its market capitalisation fell Rs 6,569.35 crore to Rs 18,698.65 crore on the BSE.
In terms of traded volume, 91.94 lakh Yes Bank shares were traded on the BSE and over 14 crore shares on the National Stock Exchange during the day.
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