Carlyle Group divests 2% stake in Yes Bank for Rs.1,442-Cr

Carlyle Group, through its affiliate CA Basque Investments, has offloaded 1.98% stake in Mumbai-based Yes Bank through a bulk deal on the NSE, at an average price of INR 24.27 apiece, totalling INR 1,441.64 crore. Post the stake sale, the Carlyle Group's shareholding in Yes Bank has declined to 7.13 % from 9.11%.