Rabobank sells part stake in Yes Bank: Source

Apr 26, 2012 |

Reuters

mumbai

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Rabobank, the largest retail bank in the Netherlands, has sold a part of its holding in private lender Yes Bank for about $75 million, a source with direct knowledge of the deal said on Thursday.

About 10.4 million shares of Yes Bank changed hands in stock market deals earlier on Thursday, stock exchange data showed.

Rabobank, which owned about 16.7 million shares or 4.73 percent stake in Yes Bank as on end-March, sold the shares at about Rs 357 apiece, a discount of about 2.5 per cent from its Wednesday's close.

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