business yes bank shares jump over 8 per cent

Yes Bank Shares Jump Over 8 Per Cent

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New Delhi: Shares of Yes Bank on Monday morning jumped over 8 per cent after State Bank of India and seven other lenders announced selling 20 per cent of their combined stakes in the firm to Japans Sumitomo Mitsui Banking Corporation (SMBC) for a consideration of Rs 13,483 crore. The stock climbed 8.7 per cent to Rs 21.74 on the BSE. At the NSE, shares of the firm surged 8.39 per cent to Rs 21.70. The companys market valuation went up by Rs 1,415.15 crore to Rs 64,123.38 crore. State Bank